Find in the news:
BY COUNTRY

ADLER Real Estate acquires €200m portfolio



ADLER Real Estate AG in Frankfurt has offered their agreement to obtain a majority share in a big residential property portfolio of around 6750 units.
This acquisition is in line with the company’s continued growth strategy.  The deal is expected to be finalized by the close of this year.

The deal includes the acquisition of major shareholding in Jade mbH, the housing association situated in Wilhemshaven on the North Sea coast of Lower Saxony.  Jade is the holding company which owns the assets, as well as the facility and property manager.  The value of this portfolio is much higher than €200m.

Jade owns 6641 residential and 31 commercial locations, with 74 apartments available for student accommodation.  All the properties are in good condition and have been maintained very well, with very little capex backlog and deferred maintenance.  The units are situated in the better areas of the largest naval site in Germany.  Almost two-thirds of the units were constructed during the 1930s and 1940s.  It earns a current net income from rentals of around €20.5m.

The occupancy rates of the properties are close to 93% and have experienced an upward trend lately due to the positive drive in the economy due to the construction of a new deep sea water port.  ADLER is assured of positive contribution from this newly acquired portfolio as it is due to generate positive cash flows.


More about shopping malls in Germany



Jun 10, 2021, USA:
The National Retail Federation predicts the market will experience the kind of rapid growth "the country hasn't seen since 1984.
Jun 9, 2021, USA:
Several Microsoft experience centers leftover from what was once a large chain of stores will offer more information and the opportunity to buy the company's technology.
Jun 7, 2021, USA:
The billionaire announced that he would fly into space on his own company's ship. The estimated date of flight is July 20th.
Jun 4, 2021, USA:
The three-level retail space in New York City spans about 2,000 square meters.
Jun 4, 2021, USA:
A mall owner has sued Victoria's Secret, saying the company closed the store without paying rent.
Jun 3, 2021, USA:
The company is entering a new market in hopes of recovering from the pandemic.
Friend
and Follow
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
K in Lautern GLA:224 966 SF
ADDRESS: 67655 Kaiserslautern
Germany . Kaiserslautern
K in Lautern
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us