According to informed circles, KKR & Co. is the investor who wants to buy properties worth more than 1 billion euros from Adler Group SA.
On Tuesday, the real estate company announced that it wanted to sell a portfolio of residential and commercial units to a provider of alternative asset management and that it had signed a letter of intent to do so. With the sale of around 14,300 units, most of which are located in eastern Germany, the debt should be reduced. The loan-to-value ratio would fall below 50 percent with the deal, it said.
KKR and Adler representatives declined to comment.
The past few months have been tough for the shareholders of the real estate company Adler Group.