New major shareholder for Adler Real Estate


Adler Real Estate has got a new major shareholder: Fairwater Real Estate Opportunities Fund, which invests throughout Europe, recently acquired 13.5% of shares by converting two convertible bonds due at the end of 2018. Fairwater is now the third largest shareholder after Mezzanine IX Investors S. A. (15.2%) and Wecken & Cie. (14.7%). Adler’s current free float amounts to almost 50%. The conversion of the two bonds increased the number of Adler shares by 12.9 million to 71.1 million, consequently raising the company’s market capitalization to over €900mn.

TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.