Selling everything they don´t own....

A collusiuon of those in charge?

Financial senator Dr. Michael Freytag: „Hamburg is growing, the finance chamber delivers the property!”
Senate, banks and speculators!
Closed real estate investment trusts, priorly owned by Hamburgs tax payers!
Hamburgs politicians know only one investor, the politically precedented kind!
In this chapter we take a closer look at the sales of city property by senate, HSH and HGV!
Often commited in the deals the CDU Hamburg treasurer Harald Boberg and his former private bank M.M.Warburg, the HSH CEO Hartmut Strauß as an HGV supervisor close to Freytags ear!
The far reaching ramifications and companies in companies show how a small group can alter public premises to privately owned property, naturally financed through constructions of the HSH and M.M.Warburg, alternately Morgan Stanley or Natixis, naturally with competent counselling by Freshfields Johannes Conradi (German REIT pope)!

Hamburg Musik gGmbH

Freytag and Olearius´s mutual interests are centered around real estate, CDS, shipping, taxpayer money spending and subventions for alstria (for the next 20 years newly rented in 2008 Hochbahn building Steinstraße 5-7) and Quantum. Apart from these both of them are avid music lovers sharing seats at the supervising board of the HamburgMusik gGmbH (subsidiary of the HGV). Founded in 2007 by the City of Hamburg as subsidiary company for the operation of the Elbphilharmonie.
Builder-owner of the concert hall is the designated Elbphilharmonie Hamburg Bau GmbH & Co. KG, founded in the same year. Next to the 95% shareholder City of Hamburg the companys shareholders are supplemented by a new Foundation Elbphilharmonie.
The founding of the Elbphilharmonie Hamburg Bau GmbH & Co. KG alone raises the balanced total by 190 mn Euro.
Tangible assets
31. Juli 2007

31. Juli 2008