DGAP-News: ADLER Real Estate AG: Takeover of ESTAVIS successfully completed

| Source: EQS Group AG
DGAP-News: ADLER Real Estate AG / Key word(s): Miscellaneous
ADLER Real Estate AG: Takeover of ESTAVIS successfully completed

25.06.2014 / 14:03


ADLER Real Estate: Takeover of ESTAVIS successfully completed

  - 92.7 percent of ESTAVIS' share capital taken over

  - Significant growth driver

Hamburg, 25 June 2014 - ADLER Real Estate AG, Frankfurt/M., (ISIN
DE0005008007) has successfully completed the takeover of ESTAVIS AG, Berlin
(ISIN DE000A0KFKB3 or ISIN DE000A1YC9Y3 for the non-registered shares).
After expiration of the period of acceptance of the exchange offer such as
the expiration of the additional period for acceptance, which ended on 13
June 2014, it is now definite that the exchange offer has been accepted for
a total of 21,465,229 ESTAVIS shares. This is equivalent to approx. 92.7
percent of the share capital of ESTAVIS, which amounts to EUR 23.152
million. The ADLER shares which were offered for exchange derive from the
capital increase against contributions in kind which was approved in April
2014 and was recorded in the commercial register yesterday. ADLER had
offered to convert each 14 of its shares against 25 shares of ESTAVIS.

"We are pleased that our exchange offer has been accepted by such a large
majority and with the entry in the commercial register now all conditions
for closing of our offer have been met", comments Axel Harloff, CEO of
ADLER Real Estate AG. With the now successful takeover ADLER makes another
major step forward on its mission for an important residential real estate
company. Including the residential units owned by ESTAVIS and the
residential real estate portfolio which already has been contractually
secured by ESTAVIS, ADLER Group will hold approx. 16,500 residential units.
By taking into consideration the acquisition of another substantial
residential real estate portfolio consisting of around 7,700 residential
and almost 500 commercial units, which was contractually concluded at the
end of May, the property portfolio of the constantly growing ADLER Group
will amount to approx. 24,800 units.

For inquiries please contact

Presse: german communications dbk ag   
Jörg Bretschneider      
Alsterufer 34, 20354 Hamburg     
Tel.: 040/46 88 33 0, Fax: 040/47 81 80   

Investor Relations: Hillermann Consulting
Christian Hillermann
Poststraße 14, 20354 Hamburg
Tel.: 040/32 02 79 10, Fax: 040/32 02 79 114

End of Corporate News


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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  
275153 25.06.2014