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18.08.2015

GSK advises ADLER Real Estate AG on the strategic investment in conwert

GSK Stockmann + Kollegen advised ADLER Real Estate AG, Frankfurt/M. comprehensively on the acquisition of all shares of MountainPeak Trading Limited. MountainPeak itself holds a 24.79% stake in conwert Immobilien In-vest SE, Vienna – one of the leading real estate holding companies in the German speaking area and with residential and commercial properties in Aus-tria and Germany.

With this strategic investment, ADLER pursues its growth strategy to become a leading residential real estate company.

With the acquisition of all shares of Mountain Peak Trading Limited, a holding com-pany owned by the entrepreneur Teddy Sagi, ADLER has now become the largest individual shareholder of conwert. According to conwert sources, the company owns real estate portfolios in Germany, Austria and approx. three percent outside those two countries consisting of approximately 30,200 units valued at about EUR 2,8 bil-lion.

Within three years ADLER Real Estate AG has grown to become one of the leading residential real estate companies with approximately 50,000 residential units. A larger residential portfolio of ADLER is located primarily in Lower Saxony, North Rhine-Westphalia and Saxony. As of 22 June 2015, ADLER-shares are listed on the Deutsche Aktienindex (DAX) for SmallCaps SDAX.

Further information on the transaction has been provided by the ADLER publication in accordance with § 15 of the Securities Trading Act and can be found in the ADLER press release under http://www.adler-ag.com/adler-ag/contao-2.11.7/index.php/ad-hoc-mitteilungen.html

GSK’s advisory services comprised the acquisition of MountainPeak Trading Limited and in particular the negotiation and drafting of a comprehensive share purchase agreement.

GSK regularly advises ADLER Real Estate AG on investments in residential real estate portfolios.


Adviser ADLER Real Estate AG:
GSK Stockmann + Kollegen / Nabarro LLP: Max Wilmanns (Lead, Corporate/M&A), Hendrik Riedel (Corporate/M&A), Jeremy Phillips (Corporate/M&A, Nabarro LLP); Associates: Anneke Focken (Corporate/M&A), Eleanor Abbott (Banking/Finance, Nabarro LLP).

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Max Wimanns