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Adler sells 1,400 residential units of its non-core residential portfolio

Adler signed a binding sale and purchase agreement to dispose of c.1,400 residential units of its non-core portfolio. These assets are currently valued at €61.5m, have a 31% vacancy rate with an average rent of €4.52 sqm/month and are being sold at book value. Residential units are mainly located in NRW (40%), Saxony (22%), a...
Monday, 17. December 2018