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  "documentTitle": "Vivion Investments S.à.r.l.",
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  "notes": "The slide uses a Wayback Machine screenshot as primary evidence to link property ownership across entities.",
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      "text": "Because the properties sold to Vivion seemingly constituted ~89% of the total sales value, it is reasonable to assume that Aroundtown realized a significant gain relative to its acquisition cost",
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      "text": "Wayback Machine capture of Intown website showing Potsdamer Strasse properties.",
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      "text": "In 2016, Dayan-controlled Intown Property Management GmbH sold its interests in three relatively run-down Potsdamer Straße properties to Aroundtown.",
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      "text": "Aroundtown seemingly generated significant profits from the gains on sale. Aroundtown reported Q1 2019 gains on sales of properties for €171 million.",
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      "text": "As explained below, the properties were Potsdamer Straße 180-182 and 184. Vivion (through Golden Capital Partners) purchased these properties in January 2019 at a valuation of €152 million.",
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