Schnyder Bauglass

Background

In March, the bankruptcy of Schnyder Bauglass Design AG was officially published.

Equipment highlights

The bankruptcy inventory consisted mainly of glass processing machines and a large glass warehouse.

Transaction

The insolvency administration was looking for a reliable and pro active project management company to take over all the movable assets and the stock at market value and to empty and clear the property in a very short time all in 1 deal. PIPM purchased all movable assets and agreed to the strict additional and timeframe conditions set by the insolvency administration.

Procedure

PIPM was able to complete the entire project of the bankrupt Schnyder Bauglass Design AG within three months. In total, more than 600 lots were sold all over the world.

Result

PIPM handed over the keys of the broom-cleaned premises of Schnyder Bauglass Design AG to the building owner.