Gallus Immobilien: Investors in trouble – interest payments are not being made!

Gallus Immobilien: Investors in trouble – interest payments are not being made!

Gallus Immobilien Concepts GmbH, founded in 2014 and based in Munich, has collected capital from private investors through subordinated loans over the years. These loans, which were advertised with an attractive interest rate of 8% p.a., were primarily aimed at security-oriented investors. However, the subordinated loans represent a high risk, especially in the event of bankruptcy, as they are only serviced after other creditors, which puts investors in a precarious position. How anwalt.de reports, investors have been complaining about missed interest payments since the summer of 2024, which indicates economic difficulties for Gallus Immobilien Concepts GmbH.

The subordinated loans, sold under the name GIK products (GIK 2-24 GmbH & Co. KG), mainly finance the new construction and development of residential properties in Switzerland. Projects such as “Project SG Rotmonten” or “Project MFH SG Langgasse” were some of them. A maximum of 20 shares per project were allocated to avoid a prospectus requirement, which raises additional legal questions. Loud akh-h.de These subordinated loans are considered high-risk investments and belong to the so-called gray capital market.

Legal options for investors

In view of the current situation, a conversion offer was made to investors, which should enable them to convert their subordinated loans into participation certificates of Amagvik Int. AG to convert. However, it is strongly recommended that you consider the legal alternatives before agreeing to this offer. In particular, the effectiveness of the subordinated loan agreements could be questionable as they may not meet the requirements of Section 307 of the German Civil Code (BGB). This could result in a claim for reversal, which is crucial for many investors.

In addition, investors have the opportunity to assert claims for damages, particularly if there was insufficient risk disclosure by advisors. This type of legal action could be a promising option for many injured parties. The Gallus Group has also initiated a transition to Prospero Service GmbH for restructuring purposes after Gallus Immobilien Wohnbau 1 GmbH & Co. KG and Gallus Immobilien Wohnbau 2 GmbH & Co. KG were liquidated in 2023 without investors being informed.

Market development and current challenges

BaFin had already banned the sale of shares in Gallus AIF in April 2023, which once again underlines the risks and the unstable situation of the Gallus Real Estate Group. Investors reported problems with cancellations and missing interest payments, which further increased the loss of trust in Gallus Immobilien Concepts GmbH. On October 18, 2024, Gallus Immobilien eG was placed into liquidation, a further indication of the company's difficulties.

Gallus Immobilien Concepts GmbH is therefore faced with various challenges that not only affect the financial stability of the company, but also the trust of investors. It is critical that affected investors carefully consider their legal options and, if necessary, seek legal assistance to protect their interests.