Sale Of Berlin-Based Rental Portfolio Generates Net Proceeds Of EUR 130 Mln

Adler SA

11/09/2023 06:33

Sept 11 (Reuters) - Adler Group Sa  ADJ.DE :
    * EQS-NEWS: ADLER GROUP S.A. ANNOUNCES THE SALE OF A
BERLIN-BASED
RENTAL PORTFOLIO
    * TRANSACTION, COMPLETED IN SEPTEMBER, GENERATES NET
PROCEEDS OF
APPROXIMATELY EUR 130 MILLION FOR ADLER GROUP.
    * SELLING PRICE WAS BROADLY IN LINE WITH VALUATION (GAV) OF
PORTFOLIO AS OF 30 JUNE 2023, RESULTING IN A DISCOUNT OF ABOUT
0.7%
    * TRANSACTION CONTRIBUTES TO STATED GOAL OF FURTHER
DELEVERAGING
GROUP IN 2023 AND BEYOND

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