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Investing.com -- Adler Group SA is considering selling its Berlin apartment portfolio, valued at €3.5 billion ($4.1 billion), according to Bloomberg, citing people familiar with the matter.
The German landlord has received presentations from investment banks seeking to advise on the potential sale of this key property portfolio, said the sources, who asked not to be named because the information is not public.
These banks would help determine the optimal structure for the portfolio to maximize the proceeds from any transaction, the sources explained.
The preparatory work for this potential sale is expected to continue for several months, meaning the actual transaction might not occur until 2026 or later.
This possible sale would represent a significant step for the scandal-hit German property company as it works through its financial challenges.
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