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ADLER Real Estate AG Sells Property in Saarbrücken
Ad-hoc-Notification pursuant to § 15 WpHG of ADLER Real Estate AG, Hamburg
- Transaction will generate between two and three million Euros in cash
Hamburg, 01. Dezember 2009. Hamburg, 1 December 2009. ADLER Real Estate AG (ISIN DE0005008007), Frankfurt, has sold its Hafenstraße property in downtown Saarbrücken effective 31 December 2009 to a Saarland state pension fund. The site, around 4,300 square meters in area, was origi-nally slated for development as a hotel and office building, but the company decided to sell the project as part of its change of strategy. This transaction, which will have only a minor impact on ADLER's 2009 earnings, will generate a cash flow of between two and three million Euros for the company.
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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| NEWS |
share price
0,56 € (29.07.2010)
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27/04/2010
ADLER Real Estate AG:
Announcement according to articles 37v,
37w, 37x ff WpHG
26/03/2010
ADLER Real Estate AG well positioned for 2010
01/12/2009
ADLER Real Estate AG Sells Property in Saarbrücken
13/11/2009
ADLER Real Estate AG: Extraordinary Expenses Continue to Weigh Down Earnings
13/11/2009
Interim announcement of the group within the 2nd half-year
28/08/2009
Strategic reorientation
14/08/2009
ADLER Real Estate AG expects to break even
15/05/2009
ADLER Real Estate AG Reports Slight Growth in Sales
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