Adler Group S.A. announces the sale of a Berlin-based development project
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EQS-News: Adler Group S.A.
/ Key word(s): Disposal
PRESS RELEASE
Adler Group S. A. announces the sale of a Berlin-based development project
Luxembourg, 5 September 2023 – Adler Group S. A. ("Adler Group") today announced the completion of the sale of the Staytion - Forum Pankow development project in Berlin. Consus Real Estate AG, a subsidiary of Adler Group, has sold its shares in the joint venture to its JV partner Kondor Wessels. The transaction, which was completed in August, generated proceeds of approximately €36 million for the Adler Group. The transaction contributes to the stated goal of further deleveraging the group in 2023 and beyond.
Contact:
Investor Relations: T +352 278 456 710 F +352 203 015 00 E investorrelations@adler-group.com
05.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Adler Group S.A. |
| 55 Allée Scheffer | |
| 2520 Luxembourg | |
| Luxemburg | |
| Phone: | +352 278 456 710 |
| Fax: | +352 203 015 00 |
| E-mail: | investorrelations@adler-group.com |
| Internet: | www.adler-group.com |
| ISIN: | LU1250154413 |
| WKN: | A14U78 |
| Indices: | FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX |
| EQS News ID: | 1718745 |
| End of News | EQS News Service |
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1718745 05.09.2023 CET/CEST
