ELI5: Explain Like I'm 5

HIAG

Hiag is like a giant toy box, but instead of toys, it has papers and documents inside. These papers are very important and valuable, just like your favorite toy that you don't want to lose. The people who own the toy box are the managers of a company called HIAG Immobilien. They collect and keep all the important papers about their properties, like buildings and land.

Just like you might organize your toys into different groups, like dolls or cars, the people at Hiag organize their papers into different categories, like sales records or maintenance reports. That way, when they need to find a specific document, they know just where to look.

Sometimes, if the people at Hiag don't need a paper anymore, they might decide to get rid of it. But just like you would throw away a broken toy, they have to be very careful about how they do it. Some papers have sensitive information, like people's names or how much money the company spent on something. So, they have special ways of getting rid of the papers so that no one can read them anymore.

In short, Hiag is a company that collects and organizes important papers about their properties, and makes sure to get rid of them safely when they're no longer needed.