German property auctions: million dollar deal perfect

German property auctions reports a property sale from the autumn auction worth 9.89 million euros as perfect. This was auctioned for the Federal Agency for Real Estate Tasks, due to the amount of the sales value, the approval of the Bundestag had to be obtained in accordance with the Federal Budget Code. “The reservation of approval is thus settled, so that the further processing of the purchase contract can take place”, reported German property auctions on Monday.

The company benefits from the deal with an auction premium. According to the Berlin company, this has a considerable amount, without being any more specific. “The surcharge has already been paid and sales are now legally secured,” said German property auctions.

Last week, the Berlin company reported the first operational key data for the past year. The company reports that it has achieved both record property sales and the highest brokerage income in the company’s history. The value of the properties sold increased from 100 million euros to almost 143 million euros. The adjusted net brokerage income is reported to have increased from 10.1 million euros to 12.7 million euros. In April they want to submit a dividend proposal.

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