Fellbach near Stuttgart

 Development loan
Germany
Status
Done
3 000 000 € (100%)
3 000 000 €
Term: 9 months
Interest payment schedule: Biannually
5.5%
Annual yield
-
LTV
No
EVOEstate skin in the game
  • Commercial property: Comprehensively refurbished, modernized and fully rented office property with a parking garage.
  • Fixed interest of 5.50%
  • Maximum duration of about 9 months (31.05.2020)
  • Minimum term of 5 months (31/01/2020) *
  • Security in the form of a notarized, abstract acknowledgment of the debt of the managing partner
  • The building complex has already been sold: The purchase price was paid up to a residual purchase price installment, this will be due after completion (expected December 2019).

* Your paid-in capital will bear interest already after the expiry of the 14-day withdrawal period. The Issuer may, for example in the case of a premature project conclusion, pay back from the stated minimum term.

 

Project

The project presented here in the Höhenstraße 24 in 70736 Fellbach is a comprehensively refurbished and modernized office property together with a still to be completed parking garage. The property is already fully lent to three well-known companies and has already been occupied by them. The tenants are Andreas STIHL AG and Co. KG (brand STIHL), Deutsche Post AG and Synlab GmbH. The property company in which the property is located was sold via share deal and the purchase price was paid down to the last installment. This amounts to EUR 4.15 million and is due as soon as the associated parking garage is completed.


Metropolitan region of Stuttgart

 

Construction is already well advanced and the building itself and is expected to be completed by September / October 2019. Finally, a facade is to be installed on the parking garage, which is expected to be completed by the end of 2019. Subsequently, the remaining purchase price is due and payable, so that the asset offered here can be returned.

The security of the investment

The managing partner assumes a notarised, abstract acknowledgment of debt of EUR 3 million. The contract of the abstract acknowledgment of debt is concluded with the security trustee in favor of the investors (contract for the benefit of third parties) and secures the loan receivable in such a way that it can be used to secure the current interest claims and repayment claims can be used. To further secure the investment, the remaining purchase price is assigned to the security trustee in favor of the investors by means of a first silent assignment (assignment of a claim).

More information about our investment opportunity can be found in our investor protection advisory : Why BERGFÜRST has designed the better financial product .


Exterior of the office property and parking garage

Use of the funds

It is planned to use the funds raised here for the completion of the parking garage and installation of the parking garage facade. The loan is repaid after completion from the then remaining purchase price installment.

The region of Stuttgart

The Stuttgart region is located in the center of the German Southwest. In addition to the state capital of Baden-Württemberg, Stuttgart, there are almost 180 cities and municipalities in which lives around 2.7 million people. This has become an innovative high-tech location and at the same time one of the most important financial centers in Germany. The companies in the supply industry work closely together with local education and research institutions. Not only the invention of the first motor-driven car by Gottlieb Daimler was made in Stuttgart, but also the cooperation of industry and science make the region a globally important competence center for mobility.

As a leading high-tech location, the region has first-class research facilities. The location in the economically strong triangle of Frankfurt am Main, Munich and Zurich also creates ideal conditions for a first-class infrastructure. Around 12 million people live within a radius of around 100 km. In both national as well as international surveys on the quality of life, the Stuttgart region is still in the lead. Vineyards, historic castles, baroque palaces, the Neckar valley and picturesque hilly landscapes characterize the centuries-old cultural landscape of the Stuttgart region and contribute to the satisfaction of the residents.

Fellbach

Due to its location right on the north-eastern outskirts of Stuttgart, Fellbach has ideal conditions as a business location. This is supported by nearly 4,000 commercial units, a high commuter surplus and a strong purchasing power inflow from outside. Other attractive features include a wide-ranging infrastructure, diverse shopping opportunities and excellent public transport connections. Also, with the help of the S-Bahn, the Stuttgart Central Station is only 12 minutes away if needed. The access roads to the A81 and A8 motorways can also be reached within a few minutes by car.

Due to these framework conditions, Fellbach stands out in particular for its high quality of life and work. The short distances between Stuttgart and the Remstal also bring numerous advantages for commuters and residents. Fellbach offers a balanced mix of medium-sized companies. This is mainly due to the anti-cyclical behavior in infrastructure development. In addition, Fellbach has sufficient development potential for commercial space compared to the highly dense Stuttgart area.

Planned financing structure

The company

The issuer of this investment is Braun Vermögensverwaltung GmbH. The company is based in Mönchstraße 11 in Stuttgart. The managing shareholder of Braun Vermögensverwaltung GmbH is Mr. Werner Braun, who carried out the real estate project at Höhenstraße 24.

 

Project originated by:
Status
Done
3 000 000 € (100%)
3 000 000 €
Term: 9 months
Interest payment schedule: Biannually
5.5%
Annual yield
-
LTV
No
EVOEstate skin in the game