PANDION AG has announced that, within the scope of ongoing restructuring efforts and the continuous review of its project portfolio, applications for the opening of insolvency proceedings are to be filed for two additional project companies of the group. This decision stems from the current economic and financial circumstances of the companies concerned.
The intended applications will be submitted shortly to the respective competent insolvency courts. This follows a communication already made on 27 August 2026, in which the company announced the filing of insolvency applications for further project companies within the group. The current development underscores the challenges the project developer faces in its restructuring process.
The applications now planned affect PANDION Asperg GmbH & Co. KG and PANDION OFFICEHOME Altenbergerstraße GmbH & Co. KG. The reasons for these specific decisions lie in the individual economic and financial circumstances of these project companies. The measures are part of a comprehensive evaluation of the overall portfolio.
Parallel to these steps, PANDION AG continues to review its remaining projects and companies. The focus here is on their economic viability and respective development opportunities. This process aims to ensure sustainable restructuring and to concentrate on those projects that offer a solid basis for future business activities. The company has also announced its intention to proactively inform the public about further significant developments.
The insolvency applications are a direct consequence of the detailed analyses conducted as part of the ongoing restructuring process. These analyses consider the current market situation, financing conditions, and specific project progress and risks. PANDION AG emphasises that these decisions are necessary to ensure an orderly winding up of the affected projects and, at the same time, to create the foundation for stabilising the remaining company. The continuous assessment of the entire portfolio is crucial for the success of the restructuring efforts.
