Adler Group expects 1 bln eur cash inflow from real estate sales in 2022 - Handelsblatt

Adler SA

07/06/2022 18:06

BERLIN, June 7 (Reuters) - German real estate investor Adler
Group  ADJ.DE  expects liquidity inflows of 1 billion euros 
($1.07 billion) from real estate transactions in 2022, the
chairman of its board of directors was quoted as saying by
Handelsblatt on Tuesday.
    "These are projects, where we expect cash in the coming
year," chairman Stefan Kirsten said. "Even if the one billion or
1.2 billion euros do not come this year, we will still be
cash-positive," he added.

($1 = 0.9349 euros)

 (Reporting by Victoria Waldersee
Editing by Riham Alkousaa)
 ((Victoria.Waldersee@thomsonreuters.com;))