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 and endorsed the financial restructuring plan. The restructuring covers 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 near-unanimous creditor support is significant because it provides Branicks with a multi-year runway to stabilize its finances and refocus on operations in a challenging German real estate market. "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.
Implementation still requires clarification of technical requirements 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. The company 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. Both firms notified the company that they have entered into service agreements with a company financed by the creditors.
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.
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