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TAG Immobilien AG Transfers its Properties on Lake Tegernsee and its shares in Tegernsee-Bahnbetriebsg to Miesbach-Tegernsee


Friday, 11 Jan 2013 04:03am EST 

TAG Immobilien AG announced that it has accepted the binding offer - made in 2010 by the Miesbach-Tegernsee district savings bank - to transfer its properties on Lake Tegernsee and its shares in the Tegernsee-Bahnbetriebsgesellschaft (rail operating company), within the deadlines set. The properties and shares in the company will be acquired by the City of Tegernsee, the township of Gmund and Miesbach district. The purchase gives the buyers security regarding the existing regional development potential inherent in the properties and local rail traffic. With the conclusion of the contract, which is scheduled for end of February 2013, TAG will give up its railway-related and historical business activities on Lake Tegernsee, and will continue to focus on residential properties going forward. 

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15 Aug 2014