ADO Properties and ADLER Real Estate will combine their businesses and create a top three residential real estate company in Germany.
ADO and ADLER will consolidate about €8.6 billion ($9.6 billion) in combined residential assets. ADO's high-quality Berlin portfolio will be complemented by ADLER's Germany-wide portfolio, focused on German cities with attractive yield potential.
The enlarged group will be led by Maximilian Rienecker and Thierry Beaudemoulin as co-CEOs and Sven-Christian Frank as COO.
In addition, ADO has acquired a strategic 22.18 percent minority stake in CONSUS Real Estate AG and secured a call option to acquire an additional 51 percent controlling stake in CONSUS.
The ongoing housing shortage in Berlin and other densely populated regions in Germany is an issue which ADO takes seriously. ADO is committed to easing the pressure on the market through accelerating the construction of new stock suitable for rent. Through CONSUS, the combin
