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Property developer Codic at risk of bankruptcy

Summary by luxtimes.lu
Belgian property group likely to have to transfer ownership of its assets, calling into question the future of a number of large-scale projects in Luxembourg
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The real estate developer Codic international, a Belgian group created in 1970, is "on the brink of bankruptcy", says the Belgian and Luxembourg press. "But there is no impact on the French subsidiary", the management of Codic France, to which belongs the B-East shopping centre in Farébersviller. The Z-East extension project is not called into question.

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luxtimes.lu broke the news in on Wednesday, June 11, 2025.
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