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Real Estate

ADO raises $453 million on Frankfurt Stock Exchange

ADO Properties owns 250 assets, mostly residential income-producing properties in Berlin.

Ofer Kotler,   Shlomo Zohar and Rabin Savion - ADO Properties
ADO Europe Ltd.’s (TASE: ADO) successful gamble on the German real estate market received official vindication yesterday in the form of a giant €415 million ($453.6 million) financing round through an IPO on the Frankfurt Stock Exchange by its ADO Properties subsidiary (Frankfurt: ADJ). The amount raised is likely to rise to €460 million ($502.8 million)…

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Published by Globes [online], Israel business news – www.globes-online.com

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