ADLER completed the acquisition of 33% stake in ADO Group for $780m.

ADLER Real Estate, a real estate service firm, completed its acquisition of ADO Group and its subsidiary ADO Properties, providers of real estate services in Germany, for $780m. ADO Group's main asset is its stake in ADO Properties, a pure-play Berlin residential real estate company with a real estate portfolio. “The closing of the business combination is an important milestone on our path to creating one of the largest listed residential real estate companies in Europe,” Thierry Beaudemoulin, ADO Co-CEO.