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LU1250154413
Thu, 13.01.2022
Adler Group S.A.
Adler Group S.A. signs contract over portfolio sale to KKR/Velero and will reach LTV target of below 50%
Sale of c. 14,400 units at a premium on book value
Leading global investment firm KKR and Velero acquire units in an asset deal
Expected net cash proceeds of c. €600m
Berlin, 13 January 2022 - Adler Group S.A. ("Adler Group") today announced [ … ]
Mon, 03.01.2022
Adler Group S.A.
Adler Group S.A. successfully closes portfolio sale of approx. 15,500 units to LEG
Next step towards a more sharpened portfolio approach focussing on Germany's prospering big cities
Net cash of c. €800m received
These proceeds will be mainly used for deleveraging
Berlin, 3 January 2022 - Adler Group S.A. ("Adler Group") successfully closed the s [ … ]
Wed, 01.12.2021
Adler Group S.A.
Adler Group S.A. achieves transformational milestone
Sale of approx. 15,500 units at premium to book value
Upfront payment of EUR 82.5m for sale of c.7% stake in BCP
Tender commitment of EUR 157 per share (EUR 765m) for remaining Adler holding in BCP in event of cash public offer by LEG prior to 30 September 2022
Achieved major milestones in st [ … ]
Tue, 30.11.2021
Adler Group S.A.
Adler Group S.A. reaffirms guidance for fiscal year 2021 based on strong operational 9M performance
Like-for-like ("LFL") rental growth of +3.9% YoY, 9M NRI increased by +28% YoY to €259m
LFL revaluation gain for the yielding assets of +8.7% or €626m materialised during the first nine months
Strategy of focusing on residential real estate in top [ … ]
Thu, 28.10.2021
Adler Group S.A.
PRESS RELEASE
Dr. Bernd Schade becomes new CDO of the Adler Group
Experienced project developer also joins the board of Consus Real Estate AG
Luxembourg/Berlin, 28th October 2021. ADLER Group, S.A., a leading German, fully integrated residential real estate company is expanding its top management team in the area of project development. As of No [ … ]
Tue, 26.10.2021
Adler Group S.A.
ADLER Group S.A. continues accelerated deleveraging and delivers on LTV target
Ca. 14,300 units to be sold at a value of more than € 1bn
Strategic asset disposals finalised
Intensified focus on top 7 cities in Germany
Berlin, 26 October 2021 - ADLER Group S.A. ("ADLER") takes the next step in accelerated deleveraging and intensified focussing on [ … ]
Mon, 11.10.2021
Adler Group S.A.
ADLER Group S.A. to deliver on accelerated deleveraging with asset disposals at premium to book value
- Ca. 15,500 units to be sold to LEG at a value of ca. € 1.5bn
- ADLER to focus on strong top 7 cities in Germany
Berlin, 11 October 2021 - ADLER Group S.A. ("ADLER") accelerates deleveraging and focusses its portfolio on stronger cities by s [ … ]
Fri, 08.10.2021
Adler Group S.A.
ADLER Group S.A.: Asset Valuations from leading Appraisers at Market Standards
Statements in Viceroy report misleading and not correct
Independent investigation on transactions and valuation process
Portfolios appraised by CBRE or NAI Apollo, reviewed by KPMG
Acquisitions and disposals reviewed/audited by auditors
Berlin, 8 October 2021 - ADLER [ … ]
Wed, 06.10.2021
Adler Group S.A.
Berlin, 06 October 2021 - ADLER Group S.A. ("ADLER") is subject to a report published today by "Viceroy Research", which is related to short-seller Fraser Perring. This report includes allegations which ADLER strongly rejects.
A key allegation is that the real estate asset values on ADLER's balance sheet are artificially inflated. This is evidentl [ … ]
Mon, 04.10.2021
Adler Group S.A.
Adler Group S.A. has decided to initiate a review of strategic options for its residential yielding portfolio which could result in a sale of a material part of its yielding assets, following strong inbound demand and recent upward market valuations
- Strategic review with objective to achieve material value creation for stakeholders
- Significan [ … ]