Berlin - fascinating challenges
Realising things together is a fascinating challenge for us. In 2013 the internationally well-known artist and photographer Bryan Adams acquired an old factory building just directly on the banks of the Spree. This was the starting signal for a new centre for international artists in south Berlin. We were not only responsible for the administration of the building but also given the challenge of settling an elitist clientele of artists and creative companies on the site of the former AEG-plants.
Today we are proud to confirm that we managed this challenge successfully! Olafour Eliasson, Jorinde Voigt and Alicja Kwade are for example three international top artists who said "YES" to Berlin and also "YES" to this location. For all participants we were able to successfully coordinate international tax and legal questions as well as the communication between the artists and the construction companies up to the administration and the sale of the individual studios.
At the same time a real estate fund in the Rummelsburg Bay which owned 270 flats, 16 commercial units and 160 parking spaces entrusted us with the distribution of its real estate. The main issue was not only the transition of the private fund partnership into a condominium owner company including its subsequent administration. We were also responsible for the entire asset management all the way from the private partnership to the final company. Tax law and other legal questions had to be coordinated, the redemption of the financing banks had to be negotiated and finally the condominiums had either to be transferred to the shareholder or sold. The primary objective besides the basic liquidation of the fund was the equal treatment of all shareholders that held very different shares in the company.
For these projects our sister company R & W Living cares for the property and WEG-management and also takes over all asset management tasks.