Eco residential building: Clarification for the bankruptcy of Silver Living required!

Eco residential building: Clarification for the bankruptcy of Silver Living required!

In a dramatic turning point in the real estate industry, the developers Silver Living and 6B47 have filed for bankruptcy. While Silver Living GmbH tries in a circular to investors to blame Öko-Wohnbau Saw GmbH for its predicament, Öko residential construction decisively rejects these accusations. Wolfgang Stabauer, managing partner of ÖKO residential construction, said that the responsibility after the clearly defined roles was only in sales and in the placement of the client models. According to Öko-Wohnbau, there has been no cooperation since September 2022 after serious omissions at Silver Living, which led to a massive displeasure with investors, such as ots.at reported

The situation continued to escalate when 6B47 Real Estate Investors AG, another player in the real estate sector, made a bankruptcy application on Monday. The company describes that unexpected delays in projects and a severe decline in real estate prices led to an economic imbalance in 2024. Despite immediate discussions with banks and shareholders, no sustainable solution could be found, which forced the board to initiate the bankruptcy proceedings. The future insolvency administrator is commissioned to receive the existing structures in the best possible way and to coordinate the sale of the real estate portfolio in the interest of the creditors, such as The standard reported .