Purchase price too high?

Fuss over sale of Pinka Center

Around 200 workplaces are located in the Pinka Center. The canteen kitchen prepares 1,500 meals a day.

(Bild: Schulter Christian)

ÖVP speaks of questionable deal. Landesholding rejects accusations of embezzlement and sees great potential in the location. 

The sale of the Pinka Center in Oberwart shows that there is always a spark of truth behind rumors. After months of vehement denials by owner Klaus Glavanics, it has now become known that Real Estate Burgenland GmbH (REB), a subsidiary of Landesimmobiliengesellschaft Burgenland GmbH (LIB), acquired the Pinka Center last year for 9.7 million euros. Glavanics himself has since joined Gästehäuser und Küchen Burgenland GmbH as managing director.

ÖVP speaks of scandal and waste of taxpayers' money
This is unacceptable for the ÖVP, which speaks of a scandal and a waste of taxpayers' money. It is obvious that the purchase price was too high and that Glavanics is profiting twice from this questionable deal in his new position. The demand: the disclosure of all documents, including the expert reports.

State holding company rejects accusation of breach of trust
Claims or insinuations that the purchase price of the property was not covered by expert opinions and was therefore inflated are tantamount to accusations of embezzlement and are rejected by Landesholding Burgenland. According to the Landesholding, the yield values are significantly higher than the valuations in the expert report and the development potential is very optimistic. In addition, the reserve area of the 9000 square meter property has high development potential. Talks are currently underway regarding a possible expansion.