April 18, 2018 / 9:32 AM / 4 months ago

BRIEF-Adler Real Estate To Enter Into A Joint Venture With Benson Elliot

April 18 (Reuters) - ADLER REAL ESTATE AG:

* TO ENTER INTO A JOINT VENTURE WITH BENSON ELLIOT TO DISPOSE OF ADLER’S NON-CORE PORTFOLIO

* ADLER REAL ESTATE -UNITS TRANSFERRED WILL HAVE GROSS ASSET VALUE OF CIRCA EUR 115 M REPRESENTING A 5 PERCENT PREMIUM TO BOOK VALUE

* ADLER TO TRANSFER NON-CORE UNITS INTO A JOINT VENTURE WITH BENSON ELLIOT CAPITAL MANAGEMENT Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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