CROWND Estate Group finalises successful restructuring with support from CMS
Since its founding in 2017, CROWND has built a portfolio valued at approximately €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.
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 €70 million for new developments.
Partner Stefan Paulmayer led the financial restructuring and negotiations with the participating banks, while Partner Arno Zimmermann oversaw the implementation of corporate law aspects and managed the investor engagement process.
Stefan Paulmayer commented: “The successful restructuring of the CROWND Estate Group demonstrates the strength and expertise of our team in navigating complex economic and legal challenges. Our primary objective was to secure the group’s market-leading position and lay the foundation for long-term success in a challenging economic environment.”
The CMS team’s responsibilities included strategic categorisation of projects, further development and completion of key assets to maximise value, and the orderly management of selected projects to maintain financial stability.
Lead Partner
- Stefan Paulmayer (Corporate Transactions, Banking & Finance)
- Arno Zimmermann ( Corporate Litigation)
CMS Team
- Cornelia Kreuth, Thomas Liegl (Corporate Transactions)
- Clemens Macho, Ramona Mujanovic, Ismail Elmursajev (Banking & Finance)
- Sebastian Aschl, Maria-Lena Felzmann (Corporate Litigation)
- Mariella Kapoun-Reiter (Real Estate)
