Filing Alert: Schultheiss Projektentwicklung insolvency filing (Germany)
Schultheiß Projektentwicklung, a Nuremberg property developer with €11.25m of bonds outstanding, is in provisional insolvency administration after filing on its own assets. The court ordered interim measures on 5 October 2026.
Filing details
- Company
- Schultheiß Projektentwicklung AG (property developer)
- Country
- Germany
- Court
- Amtsgericht Nürnberg (local court, insolvency division)
- Case number
- IN 1530/26
- Provisional measures
- Ordered 5 October 2026 at 14:20
- Provisional administrator
- Dr. Jochen Zaremba
- Filing
- Own application by the company
- Debt (31 Dec 2024)
- €11.25m of bonds and €36.82m of bank debt, within €61.34m of total liabilities
Schultheiß Projektentwicklung AG, a Nuremberg property developer, applied to open insolvency proceedings over its own assets. The Nuremberg local court ordered provisional measures on 5 October 2026 at 14:20 under case IN 1530/26 and appointed Jochen Zaremba as provisional administrator. Proceedings have not been opened yet.
The 2024 accounts show total liabilities of about €61.34m, including €11.25m of bonds and €36.82m of bank debt, against total assets of about €84.47m.
The €6m bond (ISIN DE000A3MQNT6) was originally due 1 February 2025. In a February 2025 vote without a meeting, 78.53% of votes cast agreed to push repayment to 1 February 2027, with the coupon raised from 11% to 12%. It did not make it that far.