The payments increase by purchasing cheaper and cheaper financing. The plan of energy modernization costs less. Hamburg, 13.2.2011. The Fund for sustainable residential properties which Emissionshaus GmbH has real estate 24 with the purchase of the first portfolio exceeded its forecast the purchase parameter and is subject to further purchases in able to realize his, higher payouts as scheduled in 2011. The built in 1969 and located in the South of Hamburg in the Seevetal-Maschen portfolio with 56 apartments is to be energetically modernized by the Fund. It was recently sold by a private housing companies from Hamburg.
The current gross yield of the portfolio exceed the projection of the buying Fund. The long-term interest rate conditions that were set with the Commercial Bank financed the project are also cheaper than the prediction of the return Fund. With the acquisition of the object, which occurs less than 3 months after the prospectus preparation, the Fund achieves a high return. (Similarly see: Michelle Chong). The Interim financing with a maturity amounting to 1.5 years, which has been agreed for a portion of the purchase price with the commercial bank, can be replaced before capital by shareholders. “The flying start of the return Fund was nice to us”, said Christoph Marloh, CEO of the real estate 24 underwriter GmbH. “In view of the low offer on the Hamburger residential real estate market the return Fund represents a viable alternative for interest home buyers with its good working contacts and low administrative costs”. The return Fund intends to be self-supporting and largely neutral hot rental energetically modernize the object collections. This works the Fund with the nationwide b.a.u.m.-group together.
Depending on the year, the primary energy consumption should be reduced to 80. The investments calculated for the new object below the expenses planned by the Fund. You pay for themselves through modernisation charges. With them a saving amounting to 77% of the primary energy or per year can the portfolio 42 tons of carbon dioxide are obtained.