Viennese real estate company Riha: 25 million euros debt and bankruptcy!

Viennese real estate company Riha: 25 million euros debt and bankruptcy!

Wien, Österreich - On May 21, 2025, bankruptcy proceedings on the assets of the Riha VermögensverwaltungsGmbH brothers opened in Vienna. According to 5min , the liabilities amount to around 24.7 million euros, with mainly 25 believers, mainly banks are affected. The brothers Riha, Bernhard and Clemens are active as managing partners and have hired the company since its foundation in development, administration and sale of real estate.

The Riha assets management supports an extensive real estate portfolio, which includes ten zinhausen, a single-family house and several apartment packages. The bankruptcy can be attributed to the current crisis on the real estate market, which has led to an oversupply and the devaluation of objects. Significantly increased operating and financing costs as well as the failure of restructuring efforts have further exacerbated the situation, as the Kurier reported.

bankruptcy proceedings and claims for claims

An insolvency administrator will now check whether the company continued in the interest of the creditors or whether a closure may have to be requested. As part of the procedure, a reporting and examination day statute for July 16, 2025 is scheduled, while claims can be registered by July 2, 2025 at the latest. The loss of balance sheet in the 2023 financial year amounted to 2.95 million euros, which led to a negative equity of 2.49 million euros, such as of KURIER

The bankruptcies in the real estate sector seem to be increasing. Prominent cases such as the Signa Group by René Benko or the Viennese real estate group IMFARR have recently made headlines. According to Kleine Zeitung have increased the loan in the mid-2022, the residential credit regulations have been tightened and the real estate prices have decreased, Bring to act reluctantly. These market developments have fatal effects on many companies that work in the real estate business.

The Riha brothers are now fighting in a difficult market situation, which is characterized by rising costs and sunken prices. The location fits into a larger trend of corporate insolvencies in Austrian real estate, which is very stressful for the industry. The procedure will be observed closely, since it not only affects the future of the Riha company, but also the 25 creditors who hope for a solution.