Real estate crisis at Sedlmayr: Managing Director Dissmissed for millions

Real estate crisis at Sedlmayr: Managing Director Dissmissed for millions

Berlin, Deutschland - The Sedlmayr AG is in a deep crisis in the Berlin real estate business. The group has dropped Till-Oliver Kalähne, previously Managing Director of the SPG Berlin subsidiary. The background is serious accusations that are made by research by business Insider have been uncovered: Calatures are said to have collected millions for non -executed construction work and transferred money to their own project companies. In the course of this, Sedlmayr had to make a value correction of 42 million euros.

New managing director Benno Vocke was commissioned to clean up in chaos. He terminated all the contracts with Kalähn's companies and warned service providers not to accept any instructions from him. Vocke and Sedlmayr are faced with the challenge of bringing the Situation under control and bringing the injured projects back on course in Berlin.