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Investors Circle Giant Berlin Project Owned by Adler’s Backer

  • Aggregate has outstanding payments to make on the development
  • The firm has so far rejected all offers for the Fuerst project
Pedestrians on Kurfuerstendamm Avenue in Berlin, in Nov., 2020. 

Pedestrians on Kurfuerstendamm Avenue in Berlin, in Nov., 2020. 

Photographer: Stefanie Loos/Bloomberg

Investors are circling a prized asset that the key shareholder of embattled German landlord Adler Group SA bought just a few months ago.

At least three interested parties made offers to buy the Fuerst project, a major development on Berlin’s famed avenue Kurfuerstendamm that Aggregate Holdings SA bought in June, according to people briefed on the talks. The investors have approached the site’s previous owner, Vivion Investments, which is still owed more than 300 million euros ($347 million) by Aggregate.