The Company in the Press
“Finanzwelt” reports on the activities of IMMOVATION in Austria in respect of the third property fund. In the press release, the Company draws attention to itself with its third property fund, starting with an overall volume of 50 million euro. This property fund is particularly robust, as, unlike its predecessors, it comes equipped with a safety buffer in respect of the risk of rent losses, even though rent loss in the case of other funds stands at only 1.5%. These are very promising investments with a high safety factor for private and SME investors.
The most recent announcements indicate that the property trading company has begun to establish the fund of the 3rd KG in Austria, consisting of 40% renovation and listed properties and 60% portfolio properties, for which the minimum subscription is 10,000 euro and the minimum term is 10 years.
Reinhold Messner as a guest
That the undertakings are not only enthusing investors became evident at the IMMOVATION event in the Salamander-Areal in October 2010, when the mountaineer and extreme athlete Reinhold Messner spoke about motivation and enthusiasm. It became clear to Bergmann, member of the board of IMMOVATION AG, that he can apply much of the mountaineer’s philosophy of life to IMMOVATION: both Messner and IMMOVATION single-mindedly pursue the realization of their ambitious objectives, but factor in the risks precisely, leading to secure success. Just as Messner sets his mountaineering objectives high over a whole lifetime, refusing to shirk any challenges and following his maxim that, even to fail, you need to venture, so, too, the Kassel entrepreneurs view property trading as a joyous challenge which they pursue with specialist know-how and understanding, as well as enormous passion.
The latest challenges also include the Salamander-Areal project. 90,000 square metres will be revitalized over the coming years following acquisition in 2010. Another property venture is the Schönfeld project near the Company headquarters. 21 exclusive privately owned flats are to be created at the Schönfeld Park in Kassel.