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 endorses the financial restructuring plan developed by the company, marking a critical step for the German real estate specialist as it seeks to stabilize its finances amid challenging market conditions.
The restructuring covers liabilities from bonds, promissory note loans, and registered bonds, setting a new maturity date of September 30, 2030, for a total of 375 million euros, and September 30, 2028, for an additional 220 million euros. This extension provides the company with significant breathing room to refocus on its core business. "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 important because it averts potential insolvency and gives Branicks a multi-year horizon to execute its strategy. The company still must clarify several technical requirements for implementation in the coming weeks, with the goal of the restructuring plan taking effect by the end of the 2026 fiscal year, or by March 31, 2027, at the latest. This timeline underscores the urgency and complexity of the process, but the overwhelming creditor support reduces uncertainty for stakeholders.
In a related governance move, Branicks also announced the termination, by mutual agreement, of 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 separation may be seen as a step to align governance with the restructuring framework and avoid potential conflicts of interest as creditors take a more active role.
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. As of June 30, 2026, it managed properties with a market value of 10.1 billion euros in its Commercial Portfolio and Institutional Business segments. The company's shares are listed in the Prime Standard of the German Stock Exchange. For more details, go to www.branicks.com. The original release is available on www.newmediawire.com.
