Ex-Bayern board member Hasan Salihamidžić: Dubai investor with real estate problems in Frankfurt

Ex-Bayern board member Hasan Salihamidžić: Dubai investor with real estate problems in Frankfurt

According to a report by www.fr.de, tenants in a dormitory building in Frankfurt owned by former FC Bayern board member Hasan Salihamidžić have filed a lawsuit. The tenants complain about unsustainable hygienic conditions, construction work without notice and feared rent increases of over one hundred percent. It is also said that some tenants are concerned that their rooms will be converted into residential apartments that will only be rented out temporarily and no longer on a long-term basis. However, the managing director of the company responsible for managing the property contradicts the allegations and emphasizes that the tenants were informed about the renovation work. According to an HR report, the house is located in a so-called environmental protection area in which such conversions require approval, which the city of Frankfurt now wants to examine.

The real estate market in Frankfurt is likely to be influenced by this case. Both potential tenants and investors may act with more caution in the market due to these issues. The legality of renovation work and compliance with tenants' rights are important aspects that potential tenants and investors consider when investing in real estate or entering into rental agreements. If it turns out that the tenants' allegations are true, this could significantly damage the image of the former FC Bayern board member and his position on the real estate market.

Such legal disputes and negative headlines about property owners can have a long-term impact on rental and purchase demand in the region. Potential tenants and investors may be deterred by such controversies, particularly when it comes to tenant rights and legal compliance. It therefore remains to be seen how this lawsuit and the City of Frankfurt's investigations will impact the real estate industry in Frankfurt.