Luther’s Expertise for the Heating Transition in the Real Estate Sector: Drawing on its comprehensive and interdisciplinary legal expertise, Luther Rechtsanwaltsgesellschaft mbH supported the Adler Group in concluding a long-term framework agreement with PAUL Tech AG. The goal is to decarbonize approximately 17,500 residential and commercial units in Berlin. Implementation is set to begin as early as the summer of 2026. The project will utilize the innovative PAUL Net Zero technology platform, which combines highly efficient heat pump systems with AI-powered energy optimization as well as intelligent control and monitoring systems.
A specialized Luther team led by Dr. Holger Stappert provided comprehensive advice to the Adler Group on issues related to financing law, public law, real estate law, and energy law in connection with the structuring and conclusion of the complex set of agreements.
“Luther’s interdisciplinary expertise was of great importance for the successful conclusion of the agreement,” says Dr. Karl Reinitzhuber, Chief Executive Officer of the Adler Group. “The advice played a key role in efficiently bringing together the complex legal and economic requirements of this project.”
The transaction underscores the growing importance of integrated legal counsel in implementing the heating transition in the real estate sector. For property owners, scalable models for decarbonizing their portfolios are becoming increasingly important—not least in light of regulatory requirements, rising CO2 costs, and the long-term economic viability of heat supply.
About the Adler Group:
Adler Group S.A. is a Luxembourg-based real estate holding company with numerous subsidiaries (Adler Group) that operate primarily in Germany. It specializes in the management and development of high-yield multifamily residential properties. The Adler Group owns and manages approximately 17,500 units, most of which are located in Berlin. In addition, the Adler Group develops real estate projects in Germany’s largest cities.
About PAUL Tech AG:
PAUL Tech AG, headquartered in Mannheim, is a decentralized heat supplier for existing buildings. The company replaces fossil fuel heating systems with a heat pump system featuring its own AI-powered control technology (PAUL Net Zero) and handles both operation and heat delivery. PAUL reduces emissions in existing buildings and improves energy efficiency, ultimately achieving a nearly carbon-neutral heat supply. Contracts for the first 100,000 apartments are expected to be finalized by 2027.
For the Adler Group:
Adler Group, Legal Department: Florian Sitta, General Counsel
Luther, Energy Law: Dr. Holger Stappert (Partner, Lead), David Wölting (Senior Associate), Cosima Flock (Counsel)
Luther, Finance: Dr. Guido Hoffmann, LL.M. (Partner), Dr. Melina Brune (Associate)
Luther, Public Law: Bernhard Burkert, LL.M. (Partner)
Luther, Real Estate: Dr. Frederic Tewes (Partner), Elisa Röhr (Associate)
