Austrian developer of luxury real estate Crownd Estate Group has completed an out-of-court restructuring following 18 months of intensive negotiations with 25 Austrian financial institutions.
CMS advised the group on the restructuring (as reported by CEE Legal Matters on September 17, 2025).
Since its founding in 2017, the group has built a portfolio valued at approximately EUR 500 million, comprising high-quality residential developments and a diverse hospitality offering across Austria. The need for restructuring arose due to increased financing and construction costs, combined with a decline in market demand, which presented significant challenges for the company.
According to CMS, “given the complexity of the group’s structure and the involvement of multiple financial institutions, comprehensive legal and strategic support was essential to secure ongoing project financing and implement tailored restructuring measures. The successful outcome ensures the completion of all current construction projects and releases more than EUR 70 million for new developments.”
Image source: crownd.at