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Amberg housing corporation allocates 7.2 million euros towards property renovations

Housing collective Amberg e.G. significantly boosts its 1700 apartments with a seven million euro investment; the investment results in a modest annual profit of 120,000 euros and a dividend rate of 4%.

Amberg housing corporation allocated €7.2 million for property reorganization
Amberg housing corporation allocated €7.2 million for property reorganization

Amberg housing corporation allocates 7.2 million euros towards property renovations

In the picturesque town of Amberg, Germany, the housing cooperative Amberg e.G. has been making headlines with a series of significant developments. Meanwhile, in the majestic Alps, the retreating glaciers pose challenges for tourism. Let's delve into these updates.

Amberg e.G. Housing Cooperative

The housing cooperative Amberg e.G., with a balance sheet total of over 45 million euros, has been actively investing in its properties. In 2022 alone, the cooperative invested over seven million euros in renovations. The cooperative, which manages nearly 1700 apartments, over 400 garages or carports, more than 300 open-air parking spaces, and 13 commercial units, reported a balance sheet profit of 120,000 euros for the year, according to the board spokesman, Dieter Gerl.

Stefan Kunisch, Tanja Tatara, and Ernst Neckermann have recently been elected as new members of the board of the cooperative. Major measures are planned in the Sebastianstraße, where old buildings with very poor energy values will be demolished starting in the next spring, to be replaced by five new buildings with 60 apartments.

However, the cooperative is currently facing challenges in awarding renovation work due to a scarcity of suitable craftsmen and a price increase of around 20 percent. The current vacancy rate in the cooperative stands at 5.3 percent.

Closing of Mitterteicher Zoigl Stube Oppl

In a surprising turn of events, Wilhelm and Elisabeth Oppl, the owners of the traditional Mitterteicher Zoigl Stube Oppl in Mitterteich, have decided to close their establishment, effective in November. The cask sales from the Oppl in Mitterteich will continue, offering a glimmer of hope to loyal patrons.

Alpine Challenges

The retreat of glaciers in the Alps poses challenges for tourism. This phenomenon, coupled with the long-forgotten resurfacing of an old ski lift, serves as a stark reminder of the impact of climate change.

Elsewhere, in Sulzbach-Rosenberg, a prospective buyer stole 2,000 euros from a car salesman during a viewing. The criminal police are investigating the incident and seeking witnesses. In a separate incident, a burnt-out car with a body was found in Stetten near Neunburg vorm Wald.

Award-Winning Breads

On a positive note, three breads from the Weiden bakery Brunner have been awarded top marks: the Upper Palatinate Farm Bread, the Swiss Mountain Bread, and the Real Stone Oven Bread.

For those seeking detailed, authoritative information about Amberg e.G.'s housing cooperative activities in 2022 and 2021, primary sources such as the official website or annual reports of the housing cooperative, local government or municipal records for Amberg, and industry or financial publications that track cooperative housing projects in Germany are recommended.

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