EQS-News: Adler Group S.A. announces the sale of a Berlin-based development project

EQS-News: Adler Group S.A. / Key word(s): Disposal
Adler Group S.A. announces the sale of a Berlin-based development project

05.09.2023 / 08:54 CET/CEST
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Adler Group S. A. announces the sale of a Berlin-based development project

Luxembourg, 5 September 2023 – Adler Group S. A. ("Adler Group") today announced the completion of the sale of the Staytion - Forum Pankow development project in Berlin.

Consus Real Estate AG, a subsidiary of Adler Group, has sold its shares in the joint venture to its JV partner Kondor Wessels.

The transaction, which was completed in August, generated proceeds of approximately €36 million for the Adler Group.

The transaction contributes to the stated goal of further deleveraging the group in 2023 and beyond.

Contact:

Investor Relations:

T +352 278 456 710

F +352 203 015 00

E investorrelations@adler-group.com

05.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English Company: Adler Group S.A. 55 Allée Scheffer 2520 Luxembourg Luxemburg Phone: +352 278 456 710 Fax: +352 203 015 00 E-mail: investorrelations@adler-group.com Internet: www.adler-group.com ISIN: LU1250154413 WKN: A14U78 Indices: FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX EQS News ID: 1718745
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1718745 05.09.2023 CET/CEST