{"id":18992,"date":"2020-05-05T16:15:32","date_gmt":"2020-05-05T14:15:32","guid":{"rendered":"https:\/\/staging.capitalmind.com\/?p=18992"},"modified":"2025-09-24T13:41:20","modified_gmt":"2025-09-24T11:41:20","slug":"wert-von-unternehmensimmobilien-freischalten","status":"publish","type":"post","link":"https:\/\/working.capitalmind.com\/de\/wert-von-unternehmensimmobilien-freischalten\/","title":{"rendered":"Mit Sale und Leaseback Unternehmenswert optimieren"},"content":{"rendered":"<h2>Fallbeispiel Sale und Leaseback der Unternehmensimmobilien Kaufpreis 20% +<\/h2>\n<p>H\u00e4ufig verpassen mittelst\u00e4ndische Unternehmen, den Wert der Immobilien im Rahmen eines Gesamtverkaufs zu realisieren und verzichten auf erhebliche wirtschaftliche Vorteile. Wie das Beispiel \u201eKein Sale-Leaseback-Back\u201c unten deutlich zeigt, setzt der EBITDA-Multiplikator, der vom Erwerber angesetzt wird, die Immobilien des Unternehmens nicht zu ihrem Marktwert an.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18997 aligncenter\" src=\"https:\/\/working.capitalmind.com\/wp-content\/uploads\/2020\/05\/graph-table-800x342.jpg\" alt=\"\" width=\"689\" height=\"295\" srcset=\"https:\/\/working.capitalmind.com\/wp-content\/uploads\/2020\/05\/graph-table-800x342.jpg 800w, https:\/\/working.capitalmind.com\/wp-content\/uploads\/2020\/05\/graph-table-1024x438.jpg 1024w, https:\/\/working.capitalmind.com\/wp-content\/uploads\/2020\/05\/graph-table-768x329.jpg 768w, https:\/\/working.capitalmind.com\/wp-content\/uploads\/2020\/05\/graph-table.jpg 1185w\" sizes=\"auto, (max-width: 689px) 100vw, 689px\" \/><\/p>\n<p>Auch ist ein Unternehmen mit Betriebsimmobilie h\u00e4ufig weniger attraktiv f\u00fcr den K\u00e4ufer. Im Gegensatz zu mittelst\u00e4ndischen Unternehmen versuchen internationale b\u00f6rsennotierte Unternehmen und solche im Private Equity Besitz die Bindung von Kapital in Immobilien weitgehend zu vermeiden.<\/p>\n<h2>Angebot wird attraktiver durch geringere Kapitalbindung und Flexibilit\u00e4t<\/h2>\n<p>Eigent\u00fcmer k\u00f6nnen daher ihr Angebot f\u00fcr einen breiteren K\u00e4uferkreis attraktiver machen indem sie die Immobilie im Vorfeld einer Transaktion oder parallel dazu beispielsweise an auf Unternehmensimmobilen spezialisierte Anleger und\/oder Immobilienfinanzierer verkaufen.<\/p>\n<h2>Hohe wirtschaftliche Vorteile belohnen den Zusatzaufwand<\/h2>\n<p>Im vorliegenden Beispiel konnten wir f\u00fcr einen Kunden ca. 4 Mio. (20%) h\u00f6here Erl\u00f6se erzielen. Zwar war die Transaktion etwas komplizierter, doch zeigt der wirtschaftliche Vorteil, dass der Aufwand gerechtfertigt war und es sich gelohnt hat.<\/p>\n<h2>Auch eine Alternative bei Finanzierungen<\/h2>\n<p>Sowohl bei Refinanzierungen, Restrukturierungen und Wachstums- und Akquisitions-finanzierungen ist der Sale &amp; Lease Back von Immobilien auf die Vorteilhaftigkeit zu pr\u00fcfen. Lesen Sie hierzu unseren Beitrag \u201eSale &amp; Lease Back als Finanzerungsalternative\u201c<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fallbeispiel Sale und Leaseback der Unternehmensimmobilien Kaufpreis 20% + H\u00e4ufig verpassen mittelst\u00e4ndische Unternehmen, den Wert der Immobilien im Rahmen eines&#8230;<\/p>\n","protected":false},"author":17,"featured_media":19034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[3801],"tags":[],"news-event-type":[],"dealtype":[3713,3722,3741,3712,3701,3708],"class_list":["post-18992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sectornews-de","dealtype-mbo-de","dealtype-carve-out-de","dealtype-equity-growth-capital-de","dealtype-debt-advisory-de","dealtype-buy-side-de","dealtype-sell-side-de","ps-business-services-de","ps-healthcare-de","ps-industrials-de"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.10 (Yoast SEO v26.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mit Sale und Leaseback Unternehmenswert optimieren | Investec Business Advisory<\/title>\n<meta name=\"robots\" content=\"noindex, 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