Hans Peter Plettner Deutsche Grundstücksauktionen AG - formerly Berlin Grundstücksauktionen - was founded in 1984 by the publicly appointed and sworn-in property auctioneer, Hans Peter Plettner.

In accordance with the auctioneer's mandate and trade regulations, auctions are held for private real estate properties and third-party property-equivalent rights.

Michael Plettner, Sylvia Klemens and Thomas Engel are publicly appointed and sworn-in property auctioneer according to § 34 b of the Industrial Code. Gerd Fleischmann, Claudia Kiehl and Katja Heringshausen are in possession of a trade licence according to § 34 b of the Industrial Code. They are entitled to sell third-party real estate and third-party property-equivalent rights, and other third-party rights at auction.

Real estate auctions are conducted by DEUTSCHE GRUNDSTÜCKSAUKTIONEN AG, a corporation with a capital of € 2.05 Million. The chairmen of the board of directors are Michael Plettner and Gerd Fleischmann.

The following applies to all properties submitted for auction:

• Assessment and evaluation of the real estate for the auction, partially by a publicly appointed and sworn-in property expert at the expense of the Auction House.
• Preparation of notarial contracts by verification of land registries, building authorities and other authorities at the expense of the Auction House.
• Definition of an auction limit corresponding to real market condition (reserve price) between the Seller and the Auction House.
• Appropriate documentation of each property in the auction catalogue and dispatching of approx. 60,000 print copies and 47,000 online catalogues (approx. 250,000 readers) of the Auction House in Berlin, the federal territory, and other European and non-European countries.
• Broad publicity by regional, national and international advertising and Internet presentation.
  
  

After the publication of the catalogue, the clients of the Auction House have sufficient time to inspect the real estate and to prepare for the auction. On the basis of the auction reserve, the price in the auction will rise to a level corresponding to the real market conditions; the reserve price being the absolute minimum obtainable upon a sale.

Compared to traditional utilisation opportunities for real estate, the private real estate auctions offer a series of important advantages:

• At our auctions, knockdown is guaranteed to the highest bidder only.
• A realistic purchase price, which is subject to increase, will be set by us for your real estate. This spares you the time-consuming and expensive intermezzo that varying and excessive prices, which are often promised by others, have to be subsequently brought back to the market value in troublesome, long-winded negotiations.
• The sales quote of all properties offered in our catalogues amounted to 88% to 95% in the past years.