German Real Estate (2004 - 2005)


A
s of the second quarter of 2003, Mr. L.E. Magnusson and the Larmag Group made new plans for a new real estate investment company, this time Larmag being the controlling shareholder. The main objective for this property investment company was to focus on real estate with the highest possible return without compromising the quality and assurance of a secured long-term stable income stream.

T
his has been an important factor since the Larmag Group intends to pay, in the future, an attractive annual dividend to its present and future new shareholders without jeopardising the annual income to support the company's fixed payment such as interest, amortisation on mortgage, senior debt, interest on the junior mezzanine debt and maintenance and management costs etc. In the present market, the German real estate market seems to be the best market to meet these objectives. Larmag will focus on offices, shopping centres and warehouses as well as residential apartment buildings.

Apartment buildings, Munster,
Germany


Location of Munster,
Germany