The Wiesbaden real estate investor DII has filed for bankruptcy. More than 13,000 tenants in Germany and some prominent investors are potentially affected. The circumstances of the bankruptcy raise questions once again.
The tenants in Cologne-Bayenthal have probably suspected for a long time that something was wrong. Sometimes there was only cold water in the apartments in the “residential park”, and more and more often the elevators didn’t work – in houses with up to 21 floors. The green space between the apartment blocks in the south of the city also appeared to be increasingly poorly maintained and was hardly being renovated. If you then tried to reach the owner or the property management of the more than 600 apartments, you were usually stuck on hold, tenants report.