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05.09.2023 08:54:38

EQS-News: Adler Group S.A. announces the sale of a Berlin-based development project

EQS-News: ADLER Group S.A. / Key word(s): Disposal
Adler Group S.A. announces the sale of a Berlin-based development project

05.09.2023 / 08:54 CET/CEST
The issuer is solely responsible for the content of this announcement.


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.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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

1718745  05.09.2023 CET/CEST

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