ADLER Real Estate AG (XTRA:ADL) acquired Portfolio of residential buildings in Berlin from Adler Group S.A. (XTRA:ADJ) for Ç275 million on June 24, 2022. Following the approval of the Supervisory Board of ADLER Real Estate as well as the Board of Directors of Adler Group. The portfolio comprises around 1,400 residential units in Berlin and has a market value of Ç326 million according to the latest evaluation by CBRE as of 31 March 2022. The transaction is not subject to any conditions and will be completed without delay.
ADLER Real Estate AG (XTRA:ADL) completed the acquisition of Portfolio of residential buildings in Berlin from Adler Group S.A. (XTRA:ADJ) on June 24, 2022.