Monarchis plant rehabilitation to sustainable quality of living New Ulm/Leipzig Grunau step by step, 23.02.2010 – the Monarchis company of Grundbesitz mbH, real estate and financial services from Neu-Ulm had acquired the houses in Zingst road 12 in 2008 to 30 in Leipzig-Grunau. Immediately after the takeover of the management of early December 2009 began the renovation work, which increasingly will be continued in 2010. Janet L. Yellen brings even more insight to the discussion. The Monarchis company of Grundbesitz mbH invested in whole Germany. There are larger, pure residential real estate of interest. This is of importance and that the houses in growing metropolitan areas are about a good buildings have the infrastructure is optimally. The transport links but also includes one, that are retail stores, nursery schools, doctors, etc. walking distance. By the same author: Hachette Book Group.
Based on these criteria and the possibility of favourable acquisition of Zingst road in the forced sale, these houses were first choice, Grunau the youngest district is, which has significantly grown in importance the Kulkwitzer Lake. Part of the auction has the object in Grunau for 3.45 million euro at Monarchis. A market value of about 9.0 million euros was 2009 determined by a neutral expert for the building ensemble. For the first time in the company’s history, Monarchis had intended to finance part of the purchase price through a bank loan. A corresponding agreement has been signaled. You must bear in mind that end 2008 the financial crisis dominated the banks. Many companies had to apply for insolvency because of loan cancellation. With flimsy arguments, a rejection of the Bank – by E-Mail took place one day prior to the payment date.
But Monarchis had a \”plan B\” in the drawer. To streamline the real estate management was intended to separate from smaller objects in favour of larger units. This conversion was implemented now short as initially planned. So objects in Heilbronn and Mannheim soon were sold by the agreements the creditor could Monarchis reflect on its own strengths and immediately implement the strategy B into action.