The One Group was acquired by Soravia in 2020. According to Soravia, this gave investors access to an impressive project pipeline with a volume of EUR 3.3 billion.

One Group investors subscribed to subordinated registered bonds with an annual interest rate of around 6%. The One Group lent the investors' money to pooling companies, from where Soravia distributed it to more than 40 projects of the Soravia construction group.

Around 11,000 investors did not receive any payouts for the 4th quarter of 2023 in January 2024. Maier and the Munich-based law firm Mattil, which specializes in the capital market, are giving affected investors the opportunity to optimally represent the investor community across borders. 

11,000 investors have invested 409 million euros in the ONE GROUP's investments. ONE Group is part of the Austrian SORAVIA Holding based in Vienna. Investors who have invested in registered bonds from the ProReal series have been receiving notification since January 2024 that interest payments on 4 of the 25 investment products are being suspended. 

Interest payments are currently suspended for the following investment products:

·       ProReal Germany 7
·       ProReal Germany 8
·       ProReal Europe 9
·       ProReal Europe 10

ProReal 7 published an ad hoc announcement in accordance with Section 11 a VermAnlG stating that it will “almost certainly” be in default of interest payments to investors from July 1, 2024. The same alerts followed from other ProReal companies.#

In addition, sales of the following investment products have been suspended:

·       ProReal Deutschland 7 - Exclusive follow-up offer
·       ProReal Private 10
·       ProReal Private 11
·       ProReal Secur 3
·       ProReal Secur 4

 ONE GROUP has stated that the “challenging market situation” and the increased cost of borrowed capital have made this necessary. It is to be examined whether certain assets should be sold prematurely (“distress sales”). In terms of timing, these current disadvantageous developments for investors are linked to the failure to complete the purchase of an Allianz office building in Munich. SORAVIA VRG 1 GmbH wanted to acquire this building at a price of around EUR 93 million. The deal is said to have ultimately fallen through due to a lack of financing.

In the meantime, a subsidiary of the SORAVIA Group, SC Finance Four GmbH, has already filed for insolvency (in self-administration) at the local court in Offenbach.  SC Finance Four has invested funds in real estate projects via registered bonds in the amount of EUR 278 million. The registered bonds in question were collected via ProReal Europa 9 and 10. 

One Group GmbH is also a shareholder of One Consulting GmbH, which is responsible for the distribution of the issued investment. One Group GmbH holds direct or indirect interests in the following companies, which have a shareholding relationship or are affiliated with the issuer and provider pursuant to Section 271 of the German Commercial Code (HGB):

·       One Capital Emissionshaus GmbH
·       One Consulting GmbH
·       One Secora GmbH
·       One Komplementär 2 GmbH
·       ProReal Deutschlandfonds 4 GmbH & Co. KG
·       Geschlossene INV KG
·       ProReal Deutschland 7 GmbH
·       ProReal Deutschland 8 GmbH
·       ProReal Europa 9 GmbH
·       ProReal Europa 10 GmbH
·       ProReal Europa 11 GmbH
·       ProReal Private 1 GmbH
·       ProReal Private 2 GmbH
·       ProReal Private 3 GmbH
·       ProReal Private 4 GmbH
·       ProReal Secur 1 GmbH
·       ProReal Secur 2 GmbH
·       ProReal Anlegerservice

The law firm Maier & Mattil already represents investors of the various ProReal companies and advises them with regard to further necessary and required measures.

Publications according to §11a Abs. 1 VermAnlG - BaFin warnings