Turmoil in Zug Inheritance dispute over million-dollar villas on Lake Aegeri raises many questions

Philipp Dahm

3.7.2024

Morning atmosphere on Lake Aegeri: the controversial sale of a luxury property on the shores of the lake is keeping lawyers and courts busy - as well as the Zug administration and politicians.
Morning atmosphere on Lake Aegeri: the controversial sale of a luxury property on the shores of the lake is keeping lawyers and courts busy - as well as the Zug administration and politicians.
KEYSTONE

The sale of a luxury property on Lake Aegeri is the subject of a legal dispute that has also reached the Zug administration: It involves a special notarization by the notary's office, the background to which remains murky.

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  • A brother allegedly sells a luxury property on Lake Aegeri for CHF 16 million, although it also belongs to other relatives and is said to be worth CHF 27 million.
  • In 2020, the case also occupied the Zug Land Registry and Notary Inspectorate. A follow-up inspection followed in 2023, which raised questions.
  • A notary at the office prepared the deal, but then handed it over to a colleague - allegedly without passing on a warning to the family that the brother should not sell alone.
  • The politician responsible, Andreas Hostettler from the FDP, did not ask important questions when questioning the notary, criticizes "CH Media".

A stir in the administration of the canton of Zug: the case of a luxury property on Lake Aegeri in Oberägeri raises questions. At the heart of the matter is a 5,000 square meter property with two villas with views of the Alps and lake access, 45% of which is inherited by a brother and sister and 10% by the sister's daughter.

At the beginning of December, the sister writes to the Oberägeri municipal administration to warn her brother not to sell the property on his own, as "CH Media" describes the process. But that's exactly what the man did on September 14, 2017: he sold the property to a "very wealthy local buyer" for CHF 16 million.

However, as the property is said to be worth CHF 27 million and the brother is said to have acted without consultation, a legal dispute is now underway. In 2020, the Zug Land Registry and Notary Inspectorate will also be looking into the matter.

Strange behavior on the part of the notary

An "extensive follow-up inspection" follows in 2023, writes "CH Media", which has viewed these documents. They reveal a peculiarity: it concerns a notary from Oberägeri who prepared the notarization of the sale "ready to go", but then passed the case on to a retired colleague from Unterägeri.

According to "CH Media", the person politically responsible for the land registry and notary's office did not cut a good figure: FDP politician Andreas Hostettler asked the notary why she had submitted the notarization. However, she got out of the affair with phrases such as "extra-official half-knowledge" and "rumors in the coffee shop".

Zug cantonal councillor Andreas Hostettler in September during a media tour of the forest inventory measurement work in the Lorzentobel forest in Baar.
Zug cantonal councillor Andreas Hostettler in September during a media tour of the forest inventory measurement work in the Lorzentobel forest in Baar.
KEYSTONE

Another important question is whether the notary drew her colleague's attention to the sister's warning: When questioned, the notary from Unterägeri denied having known about the matter. However, Hostettler did not allow the notary from Oberägeri to comment on this of all things.

Final report with an aftertaste

This raises follow-up questions for "CH Media": Was the deal supposed to be accelerated by withholding information? Was pressure exerted? And if so, by whom?

The final report by the land registry and notary's office inspectorate points out discrepancies in the notarization, but the bottom line is that it was assessed as correct.

It remains to be seen whether this is the end of the matter for Andreas Hostettler. However, the Zug cantonal government is still in the spotlight: the cantonal council is meeting today to discuss a recent report by the State Economic Commission.

The Zug cantonal government and Zug cantonal council at a cantonal council meeting.
The Zug cantonal government and Zug cantonal council at a cantonal council meeting.
Archive image: KEYSTONE

The report criticizes Hostettler for elevating people holding political office to management positions without a public tender. Like Walter Lipp, the president of the municipality of Baar. Hostettler made him head of the Land Registry and Notary's Office of the Canton of Zug: he was also the one who classified the notarization in the Ägerisee case as ultimately correct.