DGAP-News: ADLER Real Estate placed convertible bonds completely

| Source: EQS Group AG
DGAP-News: ADLER Real Estate AG / Key word(s): Bond
ADLER Real Estate placed convertible bonds completely

27.12.2013 / 16:20


ADLER Real Estate placed convertible bonds completely

  - Issue of up to 3.0 million convertible bonds

  - Issue price of EUR 3.75 per note

  - Finance of further development of residential real estate

Hamburg, 27 December 2013. The convertible bond 2013/2018 of ADLER Real
Estate AG, Frankfurt/M., (ISIN DE0005008007) is placed completely. After
termination of the subscription period subscriptions for 3.0 million
convertible bonds exist. After acceptance ADLER flow to EUR 11.25 million
at an issue price of 3.75 EUR per note. The notes shall bear interest at a
rate of 6.00% p.a. Close Brothers Seydler AG, Frankfurt/M., accompanies the
issue as sole bookrunner.

The issue proceeds from the new convertible bond 2013/2018 shall be used
for financing ADLER's growth, in particular further development of
residential real estate portfolios in Germany. ADLER has already taken
several steps this year to generate new funds for financing the expansion
of its property portfolio. In addition to a capital increase, the issue of
a corporate bond and the increase of this bond ADLER has issued a
convertible bond this year for the second time. The first convertible bond
2013/2017 of June 2013 has a volume of EUR 10 million. The issue price of
these bonds 2013/2017 is EUR 2.00 per note.

'All together we acquired liquidity of EUR 60 million in the capital
markets for our growth this year.', Axel Harloff, CEO of ADLER Real Estate
AG, points out. These funds are mainly invested in the participation of
ADLER in portfolios with approximately 9,000 apartments and a total volume
of approx. EUR 500 million.

For inquiries please contact

Press: german communications dbk ag   
Jörg Bretschneider     
Alsterufer 34, 20354 Hamburg, Germany  
Phone: +49-(0)40/4688330,     
Fax: +49-(0)40/478180     

Investor Relations: Hillermann Consulting
Christian Hillermann
Poststraße 14, 20354 Hamburg, Germany
Phone: +49-(0)40/32 02 79 10
Fax: +49-(0)40/32 02 79 114


This document and its contents do not constitute an offer to sell or an
invitation to make an offer to purchase or subscribe securities. No public
offer of securities of ADLER Real Estate AG is being or will be made
outside the Federal Republic of Germany. The public offer in the Federal
Republic of Germany will be made exclusively on the basis of the German
securities prospect that has been approved by the Bundesanstalt für
Finanzdienstleistungsaufsicht (BaFin) on 6 December 2013 and that is
available on the website of the company at www.adler-ag.com. Hard copies of
the prospect are available at the company's office, Alstertor 17, 20095

Securities of ADLER Real Estate AG including the convertible bonds may not
be sold or offered for sale within the United States or to or for the
account of / in favor of US citizens (as defined in Regulation S under the
U.S. Securities Act of 1933 in the current version (the 'Securities Act'))
unless they are registered under the regulations of the Securities Act or
unless they are subject to an exemption from registration. ADLER Real
Estate AG does not intend to register the offer or a part thereof in the
United States or to make a public offer of the securities in the United

This document may not be distributed within the United States of America,
Canada, Australia or Japan. Any breach of these restrictions can constitute
a violation of the securities law of these countries.

End of Corporate News


27.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:    English                                           
Company:     ADLER Real Estate AG                              
             Alstertor 17                                      
             20095 Hamburg                                     
Phone:       +49 (0)40 - 29 8130-0                             
Fax:         +49 (0)40 - 29 8130-35                            
E-mail:      info@adler-ag.com                                 
Internet:    www.adler-ag.com                                  
ISIN:        DE0005008007, DE000A1R1A42,                       
WKN:         500800, A1R1A4                                    
Listed:      Regulierter Markt in Frankfurt (Prime Standard);  
             Freiverkehr in Berlin, Düsseldorf, Hamburg        
End of News    DGAP News-Service  
246353 27.12.2013