Zeiegert Group in the crisis: bankruptcy meets Berlin's living dreams!

Zeiegert Group in the crisis: bankruptcy meets Berlin's living dreams!

Neukölln, Deutschland - The Ziegert Group, a central size in the Berlin real estate market, has filed for bankruptcy. This was requested from the Charlottenburg District Court and concerns both Ziegert GmbH and Incept GmbH. The preliminary insolvency administrator, lawyer Friedemann Schade, now takes over the business, while the future of the company and its around 200 employees is in the suspension.

The bankruptcy is above all a reaction to the difficult market environment in the residential property sector. High interest rates, rising construction costs and reserved willingness to buy lead to massive uncertainty. There are also geopolitical developments that further affect trust in the market. Nikolaus Ziegert, founder and partner, as well as managing director Kyrill Radev are now faced with the challenge of estimating the effects of bankruptcy for their ongoing projects and employees.

affected projects

The bankruptcy of the Zeiegert Group's construction projects. This includes a new building district in Neukölln with around 300 planned apartments and a construction project on the Mierendorffinsel in Charlottenburg. A residential project in Köpenick, which is currently in the construction phase, and a new residential area on the Goslar bank in Charlottenburg, which was recently presented, are affected by the bankruptcy.

Overall, the Ziegert Group has sold over 20,000 apartments to private customers and looks back on an activity in the real estate market for almost four decades. The uncertain future raises questions about how the currently running projects will continue and what measures will take a shame as a provisional insolvency administrator. He plans to first get an overview of the situation before further steps are taken.

market developments and effects

The developments on the residential property market in Berlin have recently been characterized by high interest rates and increasing construction costs, which leads to a noticeable uncertainty in both investors and buyers. According to different experts, the willingness to buy has decreased significantly, which is one of the main causes for the current bankruptcy.

The fate of the Ziegert Group could also have a signal effect for other construction projects in the capital, since the industry is under the pressure of an unpredictable market. The situation is another indication of the challenges with which the Berlin real estate market is currently facing.

For further details about the bankruptcy of the Ziegert Group, read [Development City.de] (https:// development city.de/zukunfunfieb-wiss-ziegert-insolvenz-trift- Mehrere-bererbaufleit/) and and and and SPIEGEL.