Klemens Hallmanns Süba AG before bankruptcy: does the real estate crisis threaten that?

Klemens Hallmanns Süba AG before bankruptcy: does the real estate crisis threaten that?

The Süba AG, which operates under the Hallmann holding company, is under immense printing after the bankruptcy of its subsidiary Süba Bau- und Projectenerichtungs GmbH. This bankruptcy, which according to reports from Krone only a few days before Christmas 2024, indicates an increased need for renovation within the company. The Hallmann-Holding, under the direction of Klemens Hallmann, has committed consultants such as KPMG and Schönherr to promote the sale of essential parts of the Süba. The participation of the UniCredit as the main creditor is worrying, as this indicates possible financial difficulties within the entire group.

These developments are in the context of rumors about liquidity bottlenecks that have been circulating in the industry for a long time. As Wiener Zocker , even lucrative projects, such as the sale of the real estate project "Das Koloman" in Stockerau, seem to be not sufficient to turn off the crisis. Insiders claim that rising interest rates and falling returns further tighten the financial problems of Süba AG. The surprising departure of the long -time board of directors Heinz Flertberger in October 2024, which indicates internal upheavals

the view of the future

The consequences of the bankruptcy concern the responsible subsidiary, but not the other 43 project companies of Süba AG, have the available property portfolio. It remains unclear whether the Süba actually has no liabilities to banks or other institutions, as this was not communicated by the corporate management. With a total project volume of 1.6 billion euros, it can be seen that the Süba projects implement projects in different stadiums that could provide positive impulses for the company. Nevertheless, it remains to be seen how the situation will develop in the next few weeks, while the Hallemann-Holding emphasizes that it is not in any liability with Süba.