ADLER Real Estate AG / Key word(s): Miscellaneous 24.10.2014 00:23 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ADLER Real Estate secures acquisition of a portfolio with approximately 6,750 units - Acquisition of housing association in Wilhelmshaven - Value of the portfolio considerably above the EUR 200 million mark Hamburg, 23 October 2014. ADLER Real Estate AG, Frankfurt / M., (ISIN DE0005008007) has agreed to acquire a majority stake in a large residential property portfolio comprising of c. 6,750 units. The Company has yet again secured another major portfolio acquisition in line with its ongoing growth strategy. The acquisition is expected to close by year end 2014. The acquisition involves of the takeover of the majority stake in the housing association Jade mbH located in Wilhelmshaven on the North Sea coast of Lower Saxony. Jade mbH is not only the holding company owning the assets but is also the property and facility manager. The Value of the portfolio stands considerably above the EUR 200 million mark. Specifically, the Jade mbH comprises of 6,641 residential and 31 commercial units with 74 apartments for student accommodation. The properties have been very well maintained and are in a very good condition, with virtually no deferred maintenance and capex backlog and are located in the better areas of Germany's largest naval site. About two-thirds of the properties were built in the 30s and 40s of the last century. Its current net rental income stands at EUR 20.5 million. The occupancy rate is reaching 93 percent and has benefited from an upward trend in recent times resulting from the positive economic activity driven by the construction of the new deep sea water port. Upon completion of the transaction the portfolio will generate positive cash flows and thus continue to contribute to ADLER'S ongoing Group success. The Management Board For inquiries please contact: Press: german communications dbk ag Jörg Bretschneider Milchstr. 6 B, 200148 Hamburg, Germany Phone: +49-(0)40/46 88 33 0, Fax: +49-(0)40/46 88 33 40 presse@german-communications.com Investor Relations: Hillermann Consulting Christian Hillermann PoststraÃe 14, 20354 Hamburg, Germany Phone: +49-(0)40/32 02 79 10, Fax: +49-(0)40/32 02 79 114 c.hillermann@hillermann-consulting.de 24.10.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: ADLER Real Estate AG Alstertor 17 20095 Hamburg Germany 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, DE000A11QF02 WKN: 500800, A1R1A4, A11QF0 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: ADLER Real Estate AG: ADLER Real Estate secures acquisition of a portfolio with approximately 6,750 units
| Source: EQS Group AG