ExRotaprint Information

According to LiFo's statement, the public call for bids without a minimum bid serves to establish the market value of the property. November 5, 2005 - ExRotaprint is the only bidder, the start of LiFo's negotiations with ExRotaprint; the LiFo introduce to the table the possibility of a heritable building right. ExRotaprint goes along with this idea, but does not rule out the possibility of purchasing the site outright. February 15, 2006 - Appointment with the LiFo at the Senate Department for Economics to negotiate the property value as basis for establishing the interest rate of the heritable building right. The LiFo sets the property value at 989,000 euros. The price to take possession of the buildings is one euro. To assess the site's financial viability, ExRotaprint is granted access to the financial records for 2004-5. The records are to be made available in June 2006. March 13, 2006 - The Senate Department for Economics communicates to LiFo its consent to ExRotaprint's acquiring of the heritable building right and the calculation bases for the interest rate. The per annum rate for the contract is set at ca. 4.8% of the land value (in view of the mission to promote productive businesses and artists), or ca. 45,000 euros annually. June 2006 - To our surprise we learn about the package sale of forty-five state-owned properties, which, parallel to our negotiations, LiFo had drawn up at the instigation of an Icelandic holdings group ("Berlin im Paket" (Berlin Package Sale)). Without notifying ExRotaprint and without an official announcement, the Rotaprint site is "resolved. ExRotaprint is given no opportunity to react to the package sale. July 2006 - A written request is sent to Mr. Lippmann to withdraw the Rotaprint site from the package. The LiFo justify its suspending of negotiations with ExRotaprint on the grounds that a sale has clear priority over a lease-even though ExRotaprint had never ruled out the possibility of purchasing the site. August 2006 - Letters are sent out to all members of the Senate ...