Ortner Real with bankruptcy proceedings

Ortner Real with bankruptcy proceedings

The real estate company Bau & Boden is a subsidiary of Ortner Real.
Image: OÖN/fep

Bankruptcy proceedings were opened today, Thursday, at the Linz regional court on the assets of the real estate company Ortner Real on its own application: this is reported by the creditor protector AKV. The opening application mentions liabilities of more than four million euros. Employees are not affected. All existing employment relationships were terminated on October 31st.

Ortner Real is the parent company of the insolvent Linz real estate company Bau & Boden: Company boss Andreas Ortner died unexpectedly around a year ago. As reported, Ortner Real has had new owners since October. Dhe Styrian transport entrepreneur Engelbert Liegl had Ortner Real took over 94 percent with his Slovakian company Immo Service. The remaining six percent belong to the RB23 Ownership GmbH of the Liezen painting entrepreneur Herbert Reiter. The seller was Andreas’ insolvent estate Ortner or trustee Rudolf Mitterlehner.

According to the application, Ortner Real is the owner of two properties and is involved in various project companies. There are also various demands or claims for repayment. A restructuring is being sought: However, a restructuring plan has not yet been applied for because there is still no clarity about the amount of assets and liabilities.

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Source: Nachrichten

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