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Adler (CCC+): Asset Values Continue to Drop

REAL ESTATE

• Bloomberg reports Adler is seeking bondholder approval to sell its Cologne Apart project for €44mn, 47% lower than its 2022 valuation.

• Last year they had agreed a €50mn sale which bondholders approved but the deal fell through.

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• Bloomberg reports Adler is seeking bondholder approval to sell its Cologne Apart project for €44mn, 47% lower than its 2022 valuation.

• Last year they had agreed a €50mn sale which bondholders approved but the deal fell through.

Keep reading...Show less