Adler Real Estate
| ADLER Real Estate AG
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | DE0005008007 |
| founding | 1880 |
| Seat |
Berlin , Germany
|
| management |
|
| Number of employees | 922 (2019) |
| sales | 903 million euros (2019) |
| Branch | Real estate industry |
| Website | www.adler-ag.com |
| As of December 31, 2019 | |
The ADLER Real Estate AG (formerly Adlerwerke vorm. H. Kleyer AG ) is a real estate company. The focus of activities is on the purchase and management of residential properties in Germany. The company owned more than 58,000 residential units in 2019.
Companies
The company has had its headquarters in Berlin since 2016. This is where the corporate headquarters are located with the board of directors and employees who work in central corporate functions such as asset management, controlling, legal or PR / IR / communication. Accounting and central rental accounting are at home at the administrative headquarters in Hamburg. Adler Real Estate AG has grown rapidly over the past three years through the takeover of real estate portfolios and shares in real estate companies. In June 2014 Adler Real Estate AG took over the majority of the shares in the Berlin real estate company Estavis (now ACCENTRO AG), and in mid-2015 also the majority of the shares in Westgrund AG, also a real estate company based in Berlin. The acquisition was completed in June 2015. Adler Real Estate now holds 94.9% of the Westgrund shares. At the end of 2016, Adler announced that it would take over all of the shares in Westgrund as part of a squeeze-out.
By internalizing property and facility management, Adler intends to develop into an integrated real estate group by the end of 2017, which offers its tenants all apartment-related services from a single source.
At the end of 2019, ADO Properties made a takeover offer, which the majority of shareholders accepted.
Shareholder structure
Status: May 2020
| shareholder | Percentage |
|---|---|
| Free float | 5.8 |
| ADO Properties | 91.9 |
| Own shares | 2.3 |
history
Adler Real Estate emerged from the Frankfurt company Adlerwerke vorm, which was founded in 1880 . H. Kleyer AG .
The Adlerwerke, which was last active in the manufacture of office machines, had been owned by Olivetti since 1984 . In 1993, Olivetti sold the Adlerwerke, which was still listed on the stock exchange, with the entire historic factory site in Frankfurt to real estate investor Roland Ernst and the construction company Philipp Holzmann . The still existing typewriter production was relocated and stopped in 1998. In 1999 HBAG Real Estate (formerly Kühltransit AG) took over 98.3% of the shares in Adlerwerke from the financially troubled Philipp Holzmann, after the historic buildings had previously been sold separately. Adlerwerke then changed its name to Adler Real Estate and initially acted as the commercial property project development division in the HBAG Group. After the bankruptcy of AGIV (into which HBAG was merged in 2002), 88.8% was taken over by Mezzanine IX Investors in 2005. Years followed in which ADLER concentrated on managing third-party property portfolios and real estate development. Since 2012, ADLER has essentially seen itself as a portfolio holder of residential real estate, has geared its business model towards this and has grown to today's size through acquisitions.
Web links
- Adler Real Estate AG website
- History of the share in dm-aktie.de
Individual evidence
- ↑ a b Annual Report 2019. (pdf) In: adler-ag.com. Retrieved May 9, 2020 .
- ↑ Company at www.adler-ag.com, accessed on July 28, 2019.
- ^ Takeover of Estavis AG. (No longer available online.) Adler Real Estate, archived from the original on January 20, 2015 ; Retrieved June 29, 2014 .
- ↑ acquisition of Westgrund AG. (No longer available online.) Adler Real Estate, archived from the original on April 2, 2015 ; accessed on March 30, 2015 .
- ↑ ADLER Estate with the successful takeover of WESTGRUND, at www.finanzen.net , accessed on June 26, 2015
- ↑ Announcement of the exclusion of minority shareholders of WESTGRUND Aktiengesellschaft (squeeze-out) by ADLER Real Estate Aktiengesellschaft , at www.westgrund.de , accessed on January 23, 2017.
- ^ Michael Fabricius: Ado Properties: Takeover coup with Adler Real Estate . In: THE WORLD . December 15, 2019 ( welt.de [accessed May 27, 2020]).
- ↑ Shareholder structure at www.adler-ag.com
- ↑ AGIV Real Estate listing prospectus. (pdf) Prospectus on the occasion of the merger between AGIV Real Estate and HBAG Real Estate. (No longer available online.) September 1, 2002, pp. 30ff , archived from the original on December 24, 2013 ; Retrieved April 10, 2013 .