Real Estate Mogul Klemens Hallmann Applied for 95 million...

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der Standard DE

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Klemens Hallmann owes some 70 creditors about 20 million euros. He aims at a restructuring process with a quota of 30 percent

Die Presse

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The real estate entrepreneur and film producer submits an application for a debt settlement procedure. His real estate company, Hallmann Holding, should not be affected by the procedure.

www.kleinezeitung.at

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A "currently exceptionally challenging and toxic market environment" is said to have led to the bankruptcy of the well-known Austrian real estate investor.

ORF.at News

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The entrepreneur Klemens Hallmann is known for his activities in the real estate and film industry. He also owns some properties in Vienna and is involved in residential construction projects. On Tuesday it became known that he has now registered private insolvency.

SALZBURG24

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The real estate entrepreneur Klemens Hallmann has applied to the Commercial Court of Vienna for a debt settlement procedure. The developer Süba AG of the real estate investor is expected to have around 226 million euros in debt.

Kurier

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In the worst case, the real estate entrepreneur has up to 95 million euros in debt. A few months ago, Süba AG went bankrupt.