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German Developer Gerch Files for Insolvency With Self-Administration

Düsseldorf-Based Company Is Latest Victim of Inflation, Rising Interest Rates and Broken Market
In May, Gerch was looking for €700 million of debt to finance the development of the Präsidium project in Frankfurt. (Gerch)
In May, Gerch was looking for €700 million of debt to finance the development of the Präsidium project in Frankfurt. (Gerch)

Gerch has become the latest German developer to file for insolvency as it ran out of cash.

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