Adler Group S.A. completes the sale of its North Rhine-Westphalia-based portfolio
 

Luxembourg, 4 March 2025 – Adler Group S.A. ("Adler Group") announces that it has completed the sale of 89.9% of its shares in the subsidiaries of the North Rhine-Westphalia-based “Cosmopolitan portfolio”, to Orange Capital Partners (“OCP”) and One Investment Management (“OneIM”), a global alternative investment management firm, with effect from 28 February 2025. The Cosmopolitan portfolio comprises 6,788 rental units in North Rhine-Westphalia.

The transaction had been announced on 23 December 2024 and was concluded via a share deal in which a tranche of 89.9% of the share capital was sold in a first step.

A property value of EUR 422.5 million was used as a basis.

Dr. Karl Reinitzhuber, member of the Board of Directors and CEO of Adler Group, said: “We are delighted with the milestones we have reached in the implementation of our corporate strategy in recent months. The sale of our stake in Brack Capital Properties N.V. (BCP) in November 2024 and the now completed sale of the “Cosmopolitan Portfolio” allow us to focus on our optimized rental portfolio in the greater Berlin area. We would like to thank everyone involved in the transaction, and in particular Orange Capital Partners and One Investment Management for their cooperation, which was characterized by mutual trust and reliability.”

Diego Arroyo Ornelas, Managing Director and Head of Investments at Orange Capital Partners, said: “We are proud to have the trust of One Investment Management and are grateful to Adler for their cooperation throughout this transaction. We look forward to expanding further in the German market and to continue executing complex residential transactions across Europe.”

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