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ADLER Real Estate AG acquires a stake in DB Immobilien GmbH
Notice pursuant to § 15 of the Securities Trading Act
- Good basis for an expansion of asset management activities
- Transaction will facilitate marketing, appraisals and procurement
Hamburg, 10 December 2008. ADLER Real Estate AG (ISIN DE0005008007), Frankfurt, will acquire a stake in DB Immobilien GmbH, Heidelberg, one of the leading real estate brokerage companies in Germany, in two stages. First, ADLER will acquire a minority stake in the company. This will be followed by a share capital increase involving the existing shareholders as well as ADLER. DB Immobilien GmbH has over 60 branches and offices nationwide, some of which are integrated with Deutsche Bank. DB Immobilien, formerly a member of Deutsche Bank Group, cooperates very closely with Deutsche Bank Privat- und Geschäftskunden AG. The investment will benefit ADLER's business in a number of ways. It will provide ADLER with a broad new platform to obtain asset management contracts for new portfolios, thus facilitating the planned expansion of ADLER's asset management business. DB Immobilien also offers high expertise in connection with the sale of real estate and projects nationwide, as well as the ability to evaluate prospects of success, transaction speeds and price trends in a professional manner. DB Immobilien will formulate a joint marketing concept with the object of rapid implementation, especially for the residential properties held by ADLER subsidiary Münchener Baugesellschaft.
In return, DB Immobilien GmbH will receive a financially sound partner with a wide array of projects and sites and together the partners will optimize development and marketing. This transaction also offers attractive new investment opportunities for ADLER.
The Management Board
If you may have any request please refer as follows:
german communications dbk ag
Jörg Bretschneider
Alsterufer 34, 20354 Hamburg
Tel.: 040/46 88 33 0, Fax: 040/47 81 80
presse@german-communications.com
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0,601 € (3.02.2012)
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