An actual property investor and the board of a non-profit cooperative revive the spirit of Commerzialbank boss Martin Pucher. In Mattersburg they devise a ten million euro revenue out of nothing – with the assistance of a meadow. A every day press analysis in cooperation with the Wiener Zeitung.
MATTERSBURG – The Burgenland monetary metropolis has been thought-about the Manhattan of Austria, and never simply because the rise of Commerzialbank. You’ll be able to see the breathtaking skyline from afar: warehouse silos rise into the sky, Raiffeisen flags flutter within the wind, the town parish sits majestically within the heart.
Welcome to Mattersburg, the “Large Apple” of Burgenland, the “Uhudler New York” (Bloomberg). All the pieces right here smells like cash. Till 1995, Mattersburg was only a used glass assortment heart the place the practice stopped 3 times per week. However then Commerzialbank boss and monetary genius Martin Pucher got here alongside and mainly constructed half the town single-handedly. He invented cash that did not even exist – like several regular financial institution boss. However not like regular bankers, he made a severe mistake: he obtained caught.
The large crash adopted instantly. Buying and selling was interrupted on Wall Avenue, the London Inventory Alternate and in Hong Kong – the worldwide monetary markets held their breath. Commerzialbank was left with a whole bunch of hundreds of thousands in debt – “Lehman Brothers 2.0” was the headline within the New York Instances. Pucher had fallen – even deeper than Leo Hillinger after an excessive amount of Flat Lake.
However Pucher’s mindset ought to stay on. An actual property investor and a board member of a non-profit housing cooperative had an enormous imaginative and prescient, they had been additionally hungry, additionally they wished to interrupt out of the hamster wheel, their objective: to generate ten million euros from nothing in simply three months. They wished to “make a Pucher”, as they are saying in Mattersburg.
The mega deal
It began with the compelled public sale of Commerzialbank’s bancrupt belongings. A part of the mass: a 1.23 hectare property in the midst of Mattersburg. Pucher deliberate a brand new district there, with a city corridor, flats, places of work and a brand new headquarters for his fintech start-up, which, as is well-known, was later introduced down by the anti-innovation FMA. In Mattersburg the property is solely referred to as the “Pucher space”.
The true property investor Gerhard Aigner purchased the centrally situated property at public sale on February 24, 2021 for 4.62 million euros, or 375 euros per sq. meter. A proud worth, even for a monetary heart like Mattersburg. Like Pucher, Aigner additionally had huge plans: within the media he spoke magnanimously a couple of new district with a city corridor, flats and places of work. And extra warehouse silos. Aigner signed the acquisition settlement on Might twenty first.
However just a bit later he apparently modified his thoughts once more. However solely apparently. As two sources verify to us, he already knew on the public sale that he would resell the Pucher space and even spoke of a purchaser that he already had. The markets by no means sleep, it’s a must to maintain shifting – and so do your cash and actual property.
In August 2021, Aigner offered the property to the non-profit housing cooperative BWSG. However not simply the Pucher space, but in addition two different properties.
The nesting
Considered one of them is a discipline in Hartberg, for which Aigner paid 750,000 euros two years earlier. The opposite is a warehouse immediately on the Westbahn in Neumarkt, for which one in every of Aigner’s enterprise companions paid a paltry 247,000 euros in 2015 and which he later introduced into an Aigner firm. Along with the Pucher space, the three properties had been bought for five.6 million euros.
Sadly, as is the case in capitalism, a non-profit cooperative additionally has to pay the market worth. And in August 2021 this quantities to a powerful 15,740,655 euros for all three properties – ten million euros extra, or 3 times the acquisition worth. Nicely, issues generally transfer that rapidly within the monetary markets.
On the obligatory public sale in February 2021, the BWSG didn’t make a single bid for the Mattersburg property, not like different Pucher properties.
Why did not the BWSG enhance the worth on the foreclosures public sale and solely purchase when the worth of the property had risen many occasions over, like Hans-Peter Doskozil’s blood stress when he sees a Social Democrat?
We ask the BWSG. A spokeswoman for the cooperative explains the unusual conduct in an announcement with “inner decision-making processes”.
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One thing else took place through the course of this deal. One thing that’s virtually as stunning as 10 million euros in revenue: a friendship.
The BWSG board member, Mathias Moser, will be part of the cooperative at “VIAROSA Wohnpark GmbH” in January 2023 and set up himself as managing director. The vendor of the GmbH is actual property investor Gerhard Aigner, who additionally stays managing director.
The 2 declare to have had no contact earlier than becoming a member of Viarosa. Each Aigner and Moser additionally deny the move of cash or different concerns – they had been in all probability simply thinking about friendship and having time collectively – high quality time. Aigner was even allowed to look as soon as within the BWSG tenant journal “Pleased collectively” (not made up, observe. [kein Witz, echt nicht erfunden, Anm.]).
And so a totally regular, extremely worthwhile day in Mattersburg involves an finish. A brand new friendship is born, ten million euros in income seem, and Mattersburg consolidates its place as the worldwide nerve heart of the monetary system. The one comfort for the greater than 30,000 fleeced members of the BWSG: cash that’s misplaced on the monetary markets shouldn’t be gone. It simply belongs to another person. The wildest rumors are circulating about who precisely, however we do not need to repeat them right here. In spite of everything, we’re simply the every day press and never the usual.
2024-05-13 08:01:00