TAG Tegernsee Immobilien und Beteiligung
Encyclopedia
TAG Tegernsee Immobilien und Beteiligungs-AG (TAG Tegernsee Property and Holding Company) is a property company from Germany with its head office in Hamburg
. Until 1998 as Tegernsee-Bahn (Tegernsee Railway) it operated the railway line from Schaftlach
via Gmund
to Tegernsee. The company is listed in the share index, SDAX
.
The company emerged from what was originally called the Eisenbahn-Actiengesellschaft Schaftlach - Gmund (Schaftlach-Gmund Railway Company Ltd), founded in 1882, which built the 7.6 km long railway line between these villages. It is suspected that Ferdinand von Miller
, amongst others, played a decisive role. From 1896 the line was extended by 4.8 km to Tegernsee; in 1902 the first train ran to Tegernsee and the company was renamed the Eisenbahn Aktiengesellschaft Schaftlach - Gmund - Tegernsee or EAG (Schaftlach-Gmund-Tegernsee Railway Company Ltd). In 1942 the name was shortened to Tegernsee-Bahn Aktiengesellschaft (Tegernsee Railway Company Ltd) and, in 1983, running powers were transferred to the new subsidiary Tegernsee-Bahn Betriebsgesellschaft mbH or TBG (Tegernsee Railway Operating Company Ltd).
The operation of the line has been rented out since 1998 for 15 years to the Bayerische Oberlandbahn (BOB), that previously had the state concession for the operation of railway services in the Bavarian Oberland
. The BOB has continued to use the railway infrastructure of the Tegernsee-Bahn. The running and rolling stock was given up by the Tegernsee-Bahn in 1999 as they no longer needed it. Since 2002 the TBG has once again had its own locomotive, the TAG 15 . This former DB Class Köf III
is used for snow plough runs and construction train work.
The Tegernsee-Bahn Betriebsgesellschaft is a member of the Fare Association of Federal and Private Railways in Germany (Tarifverband der Bundeseigenen und Nichtbundeseigenen Eisenbahnen in Deutschland or TBNE).
smandat for a short time. The firm was reorganised into a property and holding company, and was renamed in 1999 to TAG Tegernsee Immobilien und Beteiligungs-AG. In January 2001, as part of its expansion into property, the TAG bought 75 % of the non-public Berlin
er JUS AG, which had specialised in refurbishing and modernising property under historical protection orders. Its manager, Michael Haupt, joined the TAG's board. Its share was increased in 2002 to 94 %. In June 2001, 44 % of the public Bau-Verein zu Hamburg AG was bought; through a swap action and further purchase its share rose in early 2002 to 88 %, but fell again afterwards to today's 69 %. Likewise, in 2001 the non-public project development and preservation company AGP AG Munich
was taken over. In November 2002, the Real Immobilien GmbH was founded, together with a subsidiary, Sachsen LB, into which properties in need of repair were bundled.
Hamburg
-History:The first historic name for the city was, according to Claudius Ptolemy's reports, Treva.But the city takes its modern name, Hamburg, from the first permanent building on the site, a castle whose construction was ordered by the Emperor Charlemagne in AD 808...
. Until 1998 as Tegernsee-Bahn (Tegernsee Railway) it operated the railway line from Schaftlach
Waakirchen
Waakirchen is a municipality in the district of Miesbach in Bavaria in Germany....
via Gmund
Gmund am Tegernsee
Gmund am Tegernsee is a municipality in the district of Miesbach in Bavaria in Germany. The town is located on the north shore of the Tegernsee Lake, and near the source of River Mangfall...
to Tegernsee. The company is listed in the share index, SDAX
SDAX
The SDAX is a stock market index composed of 50 small and medium-sized companies in Germany. These so-called small caps rank directly below the MDAX shares in terms of order book volume and market capitalization...
.
Subsidiaries
The following subsidiaries belong to TAG Tegernsee:- Bau-Verein zu Hamburg AG (69 %)
- TAG Asset Management GmbH (94 %)
- AGP AG (94 %)
- Feuerbachstraße 17/17a Grundstücksverwaltung AG & Co. KG (98 %)
- Kraftverkehr Tegernsee-Immobiliengesellschaft mbH (98 %)
- Tegernsee-Bahn Betriebsgesellschaft mbH (100 %)
History of the Tegernseebahn
Ferdinand Von Miller
Ferdinand von Miller was a German artisan who is noted for his furtherance of bronze founding.-Biography:Von Miller was born in Fürstenfeldbruck....
, amongst others, played a decisive role. From 1896 the line was extended by 4.8 km to Tegernsee; in 1902 the first train ran to Tegernsee and the company was renamed the Eisenbahn Aktiengesellschaft Schaftlach - Gmund - Tegernsee or EAG (Schaftlach-Gmund-Tegernsee Railway Company Ltd). In 1942 the name was shortened to Tegernsee-Bahn Aktiengesellschaft (Tegernsee Railway Company Ltd) and, in 1983, running powers were transferred to the new subsidiary Tegernsee-Bahn Betriebsgesellschaft mbH or TBG (Tegernsee Railway Operating Company Ltd).
The operation of the line has been rented out since 1998 for 15 years to the Bayerische Oberlandbahn (BOB), that previously had the state concession for the operation of railway services in the Bavarian Oberland
Oberland
Oberland may refer to: Germany*Oberland am Rennsteig, Sonneberg, Thuringia, Germany*Vogtländisches Oberland, Greiz, Thuringia, Germany*In East Prussia, the Elbląg Canal was named Oberländischer KanalSwitzerland...
. The BOB has continued to use the railway infrastructure of the Tegernsee-Bahn. The running and rolling stock was given up by the Tegernsee-Bahn in 1999 as they no longer needed it. Since 2002 the TBG has once again had its own locomotive, the TAG 15 . This former DB Class Köf III
DB Class Köf III
The DB railways Köf III class are light two axle shunting locomotives of Deutsche Bahn AG.-History:...
is used for snow plough runs and construction train work.
The Tegernsee-Bahn Betriebsgesellschaft is a member of the Fare Association of Federal and Private Railways in Germany (Tarifverband der Bundeseigenen und Nichtbundeseigenen Eisenbahnen in Deutschland or TBNE).
History of the property and holding company
Following the cessation of its railway operation in 1998, as a result of the concession being given to a competitor, the business of the TAG AG became limited to the maintenance and rental of property and land that belonged to the railway (trackage, stations at Gmund and Tegernsee) as well as land no longer needed for railway operations and the cash assets. An investors group including investor, Rolf Hauschildt, and property manager, Lutz Ristow, initially took over a share and posts on the board of directors; later Ristow was also the VorstandVorstand
In German corporate governance, a Vorstand is the management board of a corporation. It is hierarchically subordinate to the Aufsichtsrat , as German corporate law imposes a two-tier board system....
smandat for a short time. The firm was reorganised into a property and holding company, and was renamed in 1999 to TAG Tegernsee Immobilien und Beteiligungs-AG. In January 2001, as part of its expansion into property, the TAG bought 75 % of the non-public Berlin
Berlin
Berlin is the capital city of Germany and is one of the 16 states of Germany. With a population of 3.45 million people, Berlin is Germany's largest city. It is the second most populous city proper and the seventh most populous urban area in the European Union...
er JUS AG, which had specialised in refurbishing and modernising property under historical protection orders. Its manager, Michael Haupt, joined the TAG's board. Its share was increased in 2002 to 94 %. In June 2001, 44 % of the public Bau-Verein zu Hamburg AG was bought; through a swap action and further purchase its share rose in early 2002 to 88 %, but fell again afterwards to today's 69 %. Likewise, in 2001 the non-public project development and preservation company AGP AG Munich
Munich
Munich The city's motto is "" . Before 2006, it was "Weltstadt mit Herz" . Its native name, , is derived from the Old High German Munichen, meaning "by the monks' place". The city's name derives from the monks of the Benedictine order who founded the city; hence the monk depicted on the city's coat...
was taken over. In November 2002, the Real Immobilien GmbH was founded, together with a subsidiary, Sachsen LB, into which properties in need of repair were bundled.
