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ADLER REAL ESTATE AG: +++ Takeover MÜBAU Real Estate GmbH by ADLER Real Estate AG +++ Expansion of the company activities in the appartment sector +++

09/01/2007 – Ad hoc publicity pursuant to §15 WpHG (German Securities Trading Act)

Hamburg, January 9, 2007: Effective January 1, 2007, the ADLER Real Estate AG (ISIN: DE DE0005008007) tookover the company activities of the MÜBAU Real Estate GmbH (company seat in Frankfurt). The MÜBAU Real Estate GmbH was established in 1926 and was active in project development and asset management as well as builder. The company focus is the attractive appartment sector. The ADLER Real Estate AG's specialised business field in trade real estate and the MÜBAU Real Estate GmbH's focus compliment each other ideally. The MÜBAU Group holds three development properties (for appartments) totalling approx. 300,000 sqm as well as an appartment development project with approx. 5,500 sqm rental space on a 11,000 sqm property. Additionally, there are two existing objects totalling approx. 21,000 sqm rental space on a 38,000 sqm property. The book value of the total possessions total approx. EURO 8.9 million. The purchase price lies in the lower one digit million range. The purchase price details were negociated silently.

The board

Frankfurt, January 9, 2007




For further information please contact:
GFEI Gesellschaft für Effekteninformationen mbH
Tel.: +49 (0)69-743 037 03
Fax: +49 (0)69-743 037 06
ir-adler@gfei.de


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