Home » Joe Kaeser, Gnabry and Co. affected: celebrity real estate fund bankrupt

Joe Kaeser, Gnabry and Co. affected: celebrity real estate fund bankrupt

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Joe Kaeser, Gnabry and Co. affected: celebrity real estate fund bankrupt

Serge Gnabry, football player at FC Bayern Munich, is affected by the bankruptcy of Deutsche Invest Immobilien. picture alliance/Dennis Ewert/RHR-FOTO

Deutsche Invest Immobilien has ambitious projects and prominent customers. The company is now filing for bankruptcy.

The prospect is delicate given the real estate crisis. But asset managers are still remarkably optimistic.

The bankruptcy could have consequences for the entire industry.

Serge Gnabry and Kai Havertz were there. And Joe Kaeser too. In addition to numerous foundations and asset managers from rich families, the two prominent footballers and the ex-boss of Siemens convinced by the offer from Deutsche Invest Immobilien (DII).

The Wiesbaden-based company, founded in 2006, invested money collected from private and institutional investors nationwide in residential buildings it built or converted. The prospects were dazzling. Within ten years, the capital invested should almost double, according to the sales prospectus of one of the funds.

Whether this will happen seems more questionable than ever.

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