D.i.i. Group: Investors fear for millions after bankruptcy declaration!

D.i.i. Group: Investors fear for millions after bankruptcy declaration!

The d.i.i. 15. GmbH & Co. Closed investment partnership, part of d.i.i. Deutsche Invest Immobilien Group has been facing significant financial difficulties since March 2024. On April 14, 2025, the insolvency proceedings regarding the company's assets were opened by the Wiesbaden district court (ref. 10 IN 319/24). Dr. Romy Metzger has been appointed insolvency administrator to oversee the complex case and clarify the creditors' claims.

The insolvency particularly affects investors who have invested in the company in the form of a closed fund. This form of investment typically requires contributions as limited partnership capital or through a trustee, which usually excludes investors from directly influencing the investments. Investors of d.i.i. Real estate funds are increasingly concerned about their invested capital, which they may potentially lose in the near future.

Options for action for investors

Creditors must register their claims with the insolvency administrator by July 22, 2025, in accordance with Section 174 InsO. It is crucial that these demands are justified and substantiated in detail. There are also specific regulations that prevent shareholders from registering their claims in the insolvency table, as the principles of the “defective company” apply. This means an increased risk for investors of completely losing their invested capital.

Investors have various options for action to improve their situation. This includes examining claims for damages against advisors or intermediaries in the event of incorrect investment advice. You should also prepare for possible reclaims of distributions by the insolvency administrator. Regular information about the situation of the d.i.i. group is essential in order to be able to take legal action in a timely manner.

The background to the bankruptcy

Since Easter 2024, the Wiesbaden real estate group d.i.i. Insolvency applications for D.I.I. Deutsche Invest Immobilien AG and its subsidiaries. The group manages residential properties worth around 4 billion euros in over 50 locations in Germany. Closed-end funds for private investors (public AIF) have been offered in the past, but financial uncertainty has taken a toll on investor confidence.

Filing for insolvency for several subsidiaries such as d.i.i. Facility Services GmbH and d.i.i. Property Management GmbH were processed in June 2024, with Dr. Romy Metzger was appointed as insolvency administrator for many of these companies. In addition, there is also the possibility of a total loss for the public AIF Wohnimmobilien Deutschland 1 and 2, while for the fund d.i.i. 14 applications for insolvency have already been filed.

Investors must prepare for the fact that the d.i.i. Group and its projects face a difficult and uncertain future as they fight to preserve their invested capital. Now more than ever, forward-looking advice and legal support is required in order to achieve the best possible results in this crisis situation.

For further information about the current situation, those interested can view the full reports anwalt.de and akh-h.de read up.