Reported about 1 year ago
The owner of Trianon building in Frankfurt, Germany, has filed for insolvency amid the country's largest property crisis in years. The insolvency was attributed to liquidity difficulties, and the court has appointed PLUTA as the insolvency manager. The property sector in Germany has been affected by rising inflation and reduced real-estate financing, leading to stalled projects, bankruptcies, and calls for government intervention. The skyscraper houses the German central bank and Deka asset manager, but both tenants claim they will not be impacted by the insolvency.
Source: YAHOO