Business · Companies · 18 hrs ago
Hedera Bauwert enters insolvency proceedings
A court in Berlin opened insolvency proceedings for Hedera Bauwert, the parent company of the Hedera group, last week.
The court said the company could not pay its debts and had more liabilities than assets.
The Verius fund lent the group about €130 million, using investment vehicles that received money from insured contributors.
The loans backed major projects in Berlin and Potsdam, but little visible work took place and the projects are now considered failed.
The former glassworks in Potsdam was forcibly auctioned in January.
Insolvency administrator Knut Rebholz says he lacks a full picture of the group’s assets, and the proceedings give him a stronger legal position to investigate; creditors are due to meet at the court on December 14.
The main holding company of Berlin’s Hedera group has entered insolvency proceedings.
Charlottenburg Local Court opened the main proceedings last week because of insolvency and over-indebtedness.
Berlin lawyer Knut Rebholz was appointed insolvency administrator for Hedera Bauwert GmbH.
The Verius fund lent the Hedera group about €130 million for major projects in Berlin and Potsdam.
The administrator said the company’s complex corporate network has made its assets difficult to assess.
- Who
- Hedera Bauwert GmbH, the main holding company of the Hedera group.
- What
- The company entered main insolvency proceedings, and Knut Rebholz was appointed insolvency administrator.
- When
- The court opened proceedings last week, according to the article published on November 9, 2026.
- Where
- The company is part of the Hedera group based in Berlin; proceedings were opened by Charlottenburg Local Court.
- Why
- The court cited inability to pay and over-indebtedness.
This story does not have two clearly opposing sides.
The former glassworks site in Potsdam was auctioned off under foreclosure.
Charlottenburg Local Court opened main insolvency proceedings for Hedera Bauwert GmbH.
The creditors’ meeting is scheduled to take place at Charlottenburg Local Court.
- Insolvency administrator
- Knut Rebholz
- Loan from Verius fund
- About €130 million
- Berlin project
- Quartier am Hafenplatz
- Potsdam project
- Former glassworks, auctioned under foreclosure in January
- Creditor meeting
- December 14
What people are saying
A complete overview of the financial situation is not yet available.