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ADLER REAL ESTATE AG:
+++ ADLER Real Estate AG and THG Real Estate GmbH jointly acquire a property in Duisburg-North to be developed as logistics spaces
+++ The project volume is approx. EUR 40.0 million +++
08/03/2007 – Ad hoc publicity pursuant to §15 WpHG (German Securities Trading Act)
Hamburg, March 8th, 2007. ADLER Real Estate AG (ISIN: DE0005008007), Frankfurt, announces a 60-percent-investment in the stock of a company
developing logistics spaces in Duisburg-North. The project Logistics Center Duisburg-North will be realized in cooperation with THG Real Estate GmbH.
For the intended three stages of construction the project volume comprises approx. EUR 40.0 million. The vendor of the Duisburg property is ThyssenKrupp. Details concerning the purchase price are subject to a non-disclosure agreement.
The project Logistics Center Duisburg-North with a size of more than 126,000 sq. m and a useable floor area of approx. 75,000 sq. m
is located directly on the freeway (Autobahn) 59. The intended three stages of constructions will be realized successively. Lease agreement
negotiations as well as assigning the building contract for the first stage of construction are on the brink of being finalized.
The first stage of construction is expected to be realized still in 2007.
The Management Board
Hamburg, March 8, 2007
For further inquiry please contact:
ADLER Real Estate AG
Neuer Wall 77
D-20354 Hamburg
www.adler-ag.de
phone: +49 (0)40 29 8130-0
fax: +49 (0)40 29 8130-99
info@adler-ag.de
Agency contact:
GFEI Gesellschaft für Effekteninformationen mbH
Tel.: +49 (0)69-743 037 03
Fax: +49 (0)69-743 037 06
ir-adler@gfei.de
About ADLER Real Estate AG:
ADLER Real Estate AG is dealing in the business fields of commercial project development, portfolio management, asset management, and closed property funds.
The company’s core competence is in the realization and marketing of ambitious national and international real estate projects. ADLER Real Estate AG emerged
from the tradition-rich corporate veil of the Adlerwerke in Frankfurt. Their history goes back to the 19th century. Today, the majority shareholder
of ADLER Real Estate AG is the U.S. company Mezzanine IX Investors L.P.
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| NEWS |
share price
0,601 € (3.02.2012)
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