Adler Real Estate announced the acquisition of a 41% stake in Brack Capital, an Israeli-listed company which owns almost 12,000 residential units in Germany. The deal should result in a materially-reduced LTV for Adler (target of 55% by year-end), and its share price responded with a +5% increase.
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British Empire Securities and General Trust p.l.c is referred to as ‘British Empire’ throughout the website. British Empire’s investment managers, Asset Value Investors are referred to as ‘AVI’