Immobilien-Projektgesellschaft Salamander-Areal Kornwestheim mbH (IPSAK) was founded on 23 December 2009 and is based in Kassel; its object is the acquisition, project planning, renovation, management and structured partial disposal of the Salamander-Areal property in Kornwestheim and the establishment and management of subsidiaries for real estate project developments. The listed Salamander site comprises about 41,000 m2 of land and approximately 79,000 m2 of gross floor area; the revitalization pursued a mixed use of residential, retail, services and commercial space. Core activities included refurbishment and leasing of commercial space (main tenant: the State of Baden‑Württemberg for the central land register archive), construction and sale of 121 condominiums including a REWE supermarket and provision of 206 underground parking spaces. For financing the company issued a corporate bond of EUR 30 million in 2012 and founded several wholly owned subsidiaries, whose contribution agreements yielded consolidated proceeds of TEUR 911.6 in 2018.
Ankauf, Projektierung, Sanierung, Verwaltung und strukturierter Abverkauf der Liegenschaft "Salamander Kornwestheim" sowie Gründung und Verwaltung von Tochtergesellschaften mit dem Zweck von "Immobilienprojektentwicklungen".
Converted using the official Destatis and Eurostat correspondence tables; ISIC Rev. 4 is the United Nations' international industry classification.
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Source: German Commercial Register (Handelsregister) Kassel Local Court, HRB 15033 (as of 1 November 2026)
| Name | Type | City |
|---|---|---|
| Lars Bergmann | Geschäftsführer(in) | Kassel |
Source: German Commercial Register (Handelsregister) Kassel Local Court, HRB 15033 (as of 1 November 2026)
| Year | Revenue | Profit | Balance | Employees |
|---|---|---|---|---|
| 2018 | Rohergebnis€5.9M2 | €1,808,527 | €75,952,475 | — |
| 2017 | Rohergebnis€10.6M2 | €6,876,218 | €81,899,919 | — |
| 2016 | ≤ €12M1 | €0 | €85,998,097 | — |
| 2015 | ≤ €12M1 | €0 | €72,426,324 | — |
| 2014 | ≤ €12M1 | €0 | €77,218,850 | — |
| 2013 | ≤ €12M1 | €0 | €72,908,655 | — |
| 2012 | ≤ €12M1 | €0 | €64,079,543 | — |
| 2011 | ≤ €12M1 | €0 | €28,021,679 | — |
| 2010 | ≤ €12M1 | €3,000 | €21,088,403 | — |
| 2009 | small company1 | -€3,000 | €575,000 | — |
1 Small companies are not required to publish a profit-and-loss statement (§ 326 (1) HGB). The figure shown is the statutory ceiling under § 267 HGB where the balance-sheet total makes it binding — a company may exceed at most one of the three size criteria.
2 Rohergebnis nach § 276 HGB: Umsatzerlöse abzüglich Materialaufwand bzw. Herstellungskosten. Kleine und mittelgroße Kapitalgesellschaften dürfen diese Posten zusammenfassen; die Umsatzerlöse selbst sind dann nicht veröffentlicht und liegen über dem Rohergebnis.
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Source: German Commercial Register (Handelsregister) Kassel Local Court, HRB 15033 (as of 1 November 2026)
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| Cost type | Amount | Share |
|---|---|---|
| Personnel Costs | €458,234 | 9.6% |
| Depreciation | €2,002,123 | 42.1% |
| Interest & Similar | €2,294,635 | 48.3% |
