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Top related persons:
Kai Pfaffenbach - 2 Mathias Duesterdick - 2 Johannes Gutenberg - 1 Gerch - 1 Tom Sims - 1 Rachel More - 1 Mark Potter - 1 Chancellor Olaf Scholz - 1
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Frankfurt Germany Ukraine Germany's Europe's Kai Pfaffenbach FRANKFURT Baden United States
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REUTERS - 2 Thomson - 2 Rights - 1 German Property Federation - 1 German Construction Industry Federation - 1 Reuters Graphics - 1 European Central Bank - 1 Federal Association of Independent - 1

Search resuls for: "Mathias Duesterdick"


2 mentions found


☆ German property developer Gerch restructuring as crisis deepens
  + stars: | 2023-08-24 | by ( ) www.reuters.com   time to read: +2 min
Dark clouds are seen over the construction site of "4 Frankfurt" skyscraper next to the statue of German inventor Johannes Gutenberg and Commerzbank tower in Frankfurt, Germany, July 19, 2023. REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsFRANKFURT, Aug 24 (Reuters) - German property developer Gerch said on Thursday it had filed an application for restructuring proceedings with a local court, the latest real estate firm to run into financial trouble as the sector suffers its biggest crisis in decades. Gerch said the move affected four of the firm's units and that the Duesseldorf court had ordered provisional self-administration. Mathias Duesterdick, CEO of Gerch, last month told Reuters the turn of events in the sector was worrying and predicted difficulties for developers. ($1 = 0.9211 euros)Reporting by Tom Sims, Editing by Rachel More and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Johannes Gutenberg, Kai Pfaffenbach, Gerch, Mathias Duesterdick, Tom Sims, Rachel More, Mark Potter Organizations: REUTERS, Rights, Reuters, Thomson Locations: Frankfurt, Germany, Ukraine
☆ Exclusive: Struggling German property firms appeal to Berlin for multi-billion boost
  + stars: | 2023-07-20 | by ( Tom Sims John O'Donnell | Tom Sims | John O'Donnell | ) www.reuters.com   time to read: +6 min
"I am worried because we are in a deep real estate crisis. And the real estate crisis needs clear, structured and downright radical steps to fix it," Mattner said. For years, Germany's property market has been seen as a safe haven, becoming a major draw for foreign investors. Recent data shows the stress the property sector is facing as the European Central Bank hikes interest rates, with little respite in sight. The fall is "catastrophic," said Andreas Beulich, head of the Federal Association of Independent Real Estate and Housing Companies.
Persons: Kai Pfaffenbach, Chancellor Olaf Scholz, Andreas Mattner, Mattner, Tim, Oliver Mueller, Mueller, Scholz, Danyal, Andreas Beulich, Mathias Duesterdick, ”, Andreas Naujoks, Simone Zapke, Emma, Victoria Farr, Matthias Inverardi, Sharon Singleton Organizations: REUTERS, German Property Federation, German Construction Industry Federation, Reuters Graphics, European Central Bank, Federal Association of Independent, Housing Companies, Centrum Group, ECB, Thomson Locations: Frankfurt, Germany, Germany's, Europe's, Kai Pfaffenbach FRANKFURT, Baden, United States, Sweden
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