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The ban on internal combustion engines and urban petrol stations: A fine piece of real estate
The oil business as we know it has an official expiration date: On 14 February 2023, the European Parliament decided that no new cars and vans with an internal combustion engine may be registered in the EU after 2035. Against this background, the business model of oil companies and petrol station operators will fundamentally change. Today’s petrol stations will hardly continue to exist unchanged in the future – both in terms of their number and their actual use. Aspects of real estate law are also likely to play a significant role in the future (subsequent) use of petrol stations. >
Realignment of Construction Funding for New Buildings by the German Federal Government: Federal Minister of Construction Geywitz Presents Plans Starting in March 2023
In a press statement issued on 25 January 2023, Federal Minister of Construction Klara Geywitz (Social Democratic Party) presented the German Federal Government’s plans for future subsidies for new constructions. The new funding mainly aims at reducing CO2 emissions in the building sector to achieve Germany’s climate goals. >
Foreign real estate companies face first-time obligation to notify beneficial owners to the German Transparency Register by June 30, 2023
Due to an amendment to the Anti-Money Laundering Act (GwG), foreign companies that own German real estate are obliged to register in the German Transparency Register by June 30, 2023. >
REIUS. advises Catella on the sale of a real estate portfolio located in Germany and the Netherlands
REIUS. has advised Catella Residential Investment Management GmbH (CRIM) based in Berlin and AIF platform Catella Real Estate AG (CREAG) based in Munich on the sale of a residential portfolio located in Germany and the Netherlands to ZBI Group. >
