(Reuters) - Germany's embattled landlord Adler Group said on Friday that it has reached a restructuring agreement with its bondholders which will strengthen its equity by 2.3 billion euros ($2.49 billion).

The agreement also provides additional liquidity of up to 350 million euros, the German company said. As part of the agreement, the bondholders will hold 75% of total voting rights in the company.

Adler, one of Germany's biggest landlords, said its subsidiary AGPS BondCo plc will soon launch a consent solicitation process and a UK restructuring plan if the transaction does not go through during the consent solicitation period.

The agreement comes after a UK Court of Appeal overturned the approval of company's previous restructuring plan earlier this year.

Adler has been fighting a liquidity crisis triggered by a downturn in the domestic property market, rising energy and building prices caused by Russia's invasion of Ukraine and the fallout from the COVID-19 pandemic.

The company said that it expects the restructuring to be completed by Sept. 2024 or shortly thereafter.

($1 = 0.9219 euros)

(Reporting by Gursimran Kaur in Bengaluru; Editing by Chizu Nomiyama)