The IHAG is history. Owner Gratian Anda has sold Vontobel’s salable customers and is closing down the rest.
It now appears that IHAG financed risky real estate projects in Switzerland. So on Erlenstrasse in Oetwil an der Limmat.
The investment company has planned 12 single-family homes there. The shell has long been finished – but now, according to a source, the excavators and crane are more or less at a standstill.
The company did not want to respond to questions; IHAG says it does not comment on possible business relationships.
Sadness on Erlenstrasse (IP)
The homes should have been ready for occupancy by the end of 2022. Now “water would seep in everywhere,” says an eyewitness.
It is not known how much IHAG has outstanding on the Erlenstrasse project. According to a source, it is said to be a sum in the low double-digit millions.
Several construction companies that had carried out work for the investor are waiting for their money. We are talking about several hundred thousand francs.
Maybe with a Hypo from Vontobel? (IP)
While the houses wait to be completed, the real estate group responsible is busy attracting fresh investors for their many projects.
This means you can become a “co-owner” of a “profitable real estate developer with a good reputation and projects as well as existing properties throughout German-speaking Switzerland”.
Erlenstrasse feeling – in Photoshop
According to the entrepreneur, he started out 10 years ago “with only CHF 100,000 in equity”, and today the value of his company is 42 million.
Then comes the offer for retail investors. Anyone who participates now can do so with a “company valuation” of “only CHF 20 million.”
IHAG took considerable risks with real estate. She had granted René Benkos Signa 30 million euros. She had to write off around 17 million of this.
According to a source, the “Bührle” bank in Thurgau financed a stately property with a kind of castle on the property. The value on which the financing was based was hopelessly inflated, says the insider.
