Palos Immobilien- und Projektentwicklungs GmbH

According to the management report, Palos Immobilien- und Projektentwicklungs GmbH operates the leasing and other commercial exploitation of the Marstallplatz property in Munich. The Bürkleinbau and the Maximilianhof, which have belonged to the company since the 2022 accession, have been leased since mid-2003; the rentable part of the property was 100% occupied as of 31 Dec 2024. Revenues amounted to €23,181,212.58 in fiscal year 2024 (prev. year €22,223,284.75) and increased mainly due to rent indexations. Total assets amounted to €347.1m, reported equity was €23,921,934.61 (equity ratio 6.89%), the property was externally valued at €520m and liabilities to credit institutions amounted to €300m.