Branicks Group AG announced that holders of its 400 million euro corporate bond, originally due in 2026, voted 99% in favor of restructuring the company's liabilities. The vote also endorses the financial restructuring plan developed by the company. The restructuring covers liabilities from bonds, promissory note loans, and registered bonds, setting a new maturity date of September 30, 2030, for 375 million euros and September 30, 2028, for an additional 220 million euros. The original release is available via www.newmediawire.com.
“Our creditors’ vote is a sign of confidence in our restructuring plan. With the time we've gained, we can now refocus fully on our business and use our resources and expertise to capitalize on opportunities in what remains a challenging market for us,” said Josef Schultheis, Chief Restructuring Officer at Branicks Group AG. The approval is significant because it provides the company with a multi-year runway to stabilize its finances and concentrate on its core real estate operations, which include office and logistics properties. Without the extension, the company would have faced the prospect of repaying or refinancing the 2026 bond under difficult market conditions.
Following the creditors’ decision, technical requirements for implementation still need to be clarified in the coming weeks. The goal is for the restructuring plan to take effect by the end of the 2026 fiscal year, or by March 31, 2027, at the latest. The company also announced that it has terminated, by mutual agreement, consulting agreements with MDC Matthias Danne Consulting GmbH and BLACKLAKE Management Partners GmbH, whose managing directors are Supervisory Board members Dr. Matthias Danne and Dr. Johannes Conradi, respectively. Both firms have notified the company that they have each entered into service agreements with a company financed by the creditors. This move may be intended to address potential conflicts of interest and align governance with the interests of creditors as the restructuring proceeds.
Branicks Group AG, formerly DIC Asset AG, is a leading German listed specialist for office and logistics real estate with over 25 years of experience and access to a broad investor network. As of June 30, 2026, the company managed properties with a market value of 10.1 billion euros in its Commercial Portfolio and Institutional Business segments. The successful creditor vote is a critical step for the company to preserve value for stakeholders and maintain its position in the German real estate market. For more details, go to www.branicks.com. The announcement was originally reported by NEWMEDIAWIRE.
