Munich: City buys residential building below market value – Munich

Of

Sebastian Krass

In recent months, private parties have often offered the city land for sale – but this case is a special one: the two owners of the apartment building at Pettenkoferstrasse 32/corner of Paul-Heyse-Strasse are selling their property below market value. It is important to them “that the tenants are in good hands,” writes municipal officer Kristina Frank (CSU) in a non-public draft resolution for the municipal committee that is available to the SZ.

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