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, endorsing the financial restructuring plan developed by the company. The vote provides a critical lifeline for the Frankfurt-listed real estate specialist, which has been navigating a difficult market environment. The restructuring sets a new maturity date of September 30, 2030, for 375 million euros of debt arising from bonds, promissory note loans, and registered bonds, and September 30, 2028, for an additional 220 million euros.
“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 overwhelming support from creditors underscores their belief in the company’s ability to stabilize and recover, a notable outcome given the pressures facing commercial real estate firms across Europe.
The implications of the vote are significant. By extending maturities well into the next decade, Branicks secures breathing room to execute its operational strategy without the immediate threat of refinancing its substantial debt load. The company still must clarify several technical requirements in the coming weeks, with the goal of having the restructuring plan take effect by the end of the 2026 fiscal year, or by March 31, 2027, at the latest. This timeline is crucial for the company to move forward with its broader turnaround efforts.
In a related governance move, Branicks also 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 separation streamlines oversight and aligns the supervisory board’s roles with the creditors’ interests as the restructuring progresses.
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 across 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.
