Magis Global –

September 27, 2023

September Fund

Category: General – Tags: , – Joan – 5:18 pm

Main tenant who runs Fund real estate next year from specialist solicitors help investors investors of the real estate fund set by the underwriter of Wolbern Austria 3 (IFo third party of real estate funds for Austria GmbH & co. Continue to learn more with: Peter Schiff. KG) must be set on troubled times. The main tenant, the Vienna University of Economics, which has hired 70% of the area for 10 years, will finish the non-cancelable 30 September 2013 contract. Whether the Fund concept can still succeed or fail, now mainly depends whether fund management, to pay a credit-strong replacement tenant for the in the now 25-year-old building, which is found approximately 17,500 sqm of leasable area ready, the previous rent. Cannot be ruled out is that in the next year the entire building will be empty, because the University of Vienna, the tenant of the remaining 30% of the object has not yet declared whether she will also make use of the possibility of their termination. Whether a corresponding rental given the currently difficult rental situation in Vienna will be possible, is doubtful. High cost of connection rental and revitalization are missing in the prospectus of Wolbern investors Fund Austria 3 face a further dilemma.

Significant costs are incurred for the search after a new tenant. In addition, the building extensively used so far as a College must be at least inside renovated and adapted to the needs of a new tenant. This revitalization or to search for a port tenant sufficient funds are provided in the Fund concept. Remember that the reserves of the Fund are sufficient to the effort required by experience at least one year’s rent and the tenant change in a such a large object usual vacancy to cover, we have serious doubts. Costs for the new hire in the brochure cost estimate be recognized? The cost for the search of an acquired, revitalization and vacancies are in calculating prospectus of the Fund of Wolbern Austria 3 neither taken into account, still – existing – experience approach to making spending are reported.

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