WVGH Burger Fund 1 B.V. is the owner of the Burger King Tempelhof restaurant which is approx. 300m2, has a drive-inn, located on its private plot of land with 15 parking spaces on an excellent collation on the Tempelhofer Damm in Berlin, Germany. It is a renewed Burger King restaurant in 2008 that is being exploited by an entity from the Hego Group from Berlin. Hego is since July 1st 2010 the biggest franchisee of the Burger King Company in Germany with 36 operational establishments, mainly in and around Berlin.

The rental contract of the property has a period of 20 years, starting June 1st, 2008 and ending May 31st, 2028, and in regards to the acquisition of the property, it is extended by WVGH Burger Fund 1 BV until 2030. At the end of the 4th year (2014), the rent will be increased with 10%. The rent obligations are secured with a so-called mother warranty from the Hego Group, that guarantees the tenant’s rent obligations for the whole period of the rent contract.
There are 1,600 WVGH Burger Fund 1 bonds issued for the total amount of €1,600,000, with an expected investment period of 1 year until April 15th, 2011 and a fixed interest rate of 7.5% on a yearly basis. In favor of the bond holders, a right for second mortgage on the property is obtained, the rights on the first mortgage are held by the financing bank, Kreissparkasse Köln.