With the introduction of Â'DSW Immobilienfonds Den HaagÂ' Nordcapital introduces its substantial knowhow of concpets, financing and asset management also within the reach of close-ended real estate funds.
The development and management of this new product range is by DSW Deutsche Sachwert GmbH & Cie. KG, a daughter company of Nordcapital Holding. Managing
Director of DSW is Peter Kallmeyer.
The building
The new office building is located in The HagueÂ's city center and easy accessible by rail, air and motorways. The six-storey building has been let to Schindler Liften B.V. for ten years. Rental revenues are guaranteed by Schindler Holding AG, Switzrland. With 40,000 people employed and a consolidated turnover of CHF 8.3 bln (2001) Schindler is the worldÂ's second largest elevator and escalator company.
The fund
Total investment is EUR 9.1 mln. Participants can join with a minimum of EUR 15,000 (plus 5% premium). Yield is 8% per annum. Financing is in Euros so there are no foreign exchange rates risks. Interest rate has been fixed for ten years. In accordance with the tax treaty between the Netherlands and Germany, revenues in the Netherlands are taxfree, within the limits of certain investment limits and in Germany they are only liable to Progressionsvorbehalt.
(source: Nordcapital)
