Long-neglected webpage under long-term inactivity.
In the heart of Johanneskirchen, a half-finished construction ruin on Freischützstraße, once home to a savings bank, has been a source of frustration for local residents and state parliamentarian Robert Brannekämper. The building, now home only to a container with an ATM and a construction house where work has been stalled for years, has sparked calls for intervention from Brannekämper, who believes the state should take over the property if no progress is made.
The property, valued at almost 16.3 million euros in 2005 by the local court, saw its value drop to around 8.1 million euros in 2008. Since then, it has remained untouched, with an unpainted facade, tarpaulins covering the windows and doors, and overgrown grass and bushes.
A local resident, living not far away in Munich, recalled that everyone had to move out and renovations began, but progress has since stalled. The abandoned building has been a source of concern for the community, with many questioning why work has not resumed.
The property was sold for 43.3 million euros in 2018 to "UB47 Grund 3 UG," but the company responsible for the construction site is now called "CG Johanneskirchen PropCo UG" and belongs to the CG Group of real estate entrepreneur Christoph Gröner.
Gröner, who has been associated with financial difficulties, a web of project companies, insolvencies, public prosecutor's office investigations, and legal disputes, has promised that an investor has provided funds for the completion of the project. However, negotiations with the bank are still ongoing.
Brannekämper, while not using the word, has suggested expropriation as a solution, citing the lengthy inactivity on the construction site. He believes that if nothing happens for many years, the state should intervene and take over the property.
Christoph Gröner, on the other hand, expects negotiations to be completed by September 30, and work to begin immediately with a projected completion within 18 months. The project, which includes two commercial units and 77 condominiums, is expected to be realised with low margins in the current market situation.
This is not the first instance of a half-completed construction project causing concern in Munich. The ruins left behind by René Benko in the city centre and the Sendlinger Loch - the construction pit on Alramstraße that filled with water because nothing happened there for so long - have received significant attention.
As the AZ continues to investigate, it is hoped that the Johanneskirchen construction site will see progress soon, bringing much-needed development to the area and providing relief to local residents and parliamentarians alike.
Read also:
- Exploration of Tony Robbins' Business Empire: An In-depth Analysis of His Company Holdings
- Warning Signs in Client Relationships: Unforeseen Issues that Erode Time, Money, and Tranquility (DesignDash Podcast)
- Global Energy Transition in 2025: Driving Force Behind the Battery Storage Industry
- "Setting a monumental milestone, CP Transport recorded more than a hundred million in revenue within six months"