Euroboden Architekturkultur

What Euroboden Architekturkultur does

Euroboden GmbH, operating under the brand "Euroboden Architekturkultur," was a German residential real estate developer (Bauträger) headquartered in Grünwald near Munich. The company developed and sold premium residential properties in three core German metropolitan markets — Munich, Berlin, and Düsseldorf — targeting individual home buyers seeking architecturally distinctive, design-led housing. Its business model was conventional project development: acquire or develop sites, secure building permits, build out residential units, and sell completed or near-completed apartments to private purchasers through its dedicated sales subsidiary, Euroboden Vertrieb GmbH.

The company financed its project pipeline primarily through German capital markets, having issued multiple corporate bonds (2017/2022, 2019/2024 with ISIN DE000A2YNXQ5, and 2020/2025 with ISIN DE000A289EM6) and supplementing these with a credit line from BayernLB in July 2021. Disclosed group sales volume reached EUR 76.5 million in fiscal year 2020/2021. The company presented itself as a curator of architectural quality rather than a high-volume developer, which positioned it in the premium-residential subsegment of the German market.

In 2023 Euroboden entered insolvency. The company filed for insolvency on 11 August 2023, formal insolvency proceedings were opened on 30 October 2023, and the 2020/2025 bond was delisted from the Frankfurt Stock Exchange on 31 October 2023. Multiple subsidiaries likewise filed for insolvency. The entity is now in judicial liquidation and is operationally closed, meaning any forward-looking investment thesis is effectively a residual-claim or asset-recovery exercise rather than a going-concern analysis.

Name

Euroboden Architekturkultur

Legal name

Euroboden GmbH

Website

https://euroboden.de

Company type

Private

Founded year

2013

Operating status

Closed

Headcount range

11–50 employees

Short description

Euroboden GmbH is a German residential real estate developer that built and sold premium-design apartments in Munich, Berlin, and Düsseldorf. The company filed for insolvency in August 2023 and is now in judicial liquidation.

Ownership category

akta.pro rank

Headquarters

HQ city

Grünwald

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Property Development and Sales: Euroboden develops residential real estate projects in top German locations (Munich, Berlin, Düsseldorf) and generates revenue through the sale of completed properties. The company financed operations primarily through corporate bond issuances (Anleihen), including four bond tranches: 2013/2018 (terminated early), 2017/2022 (terminated 2021), 2019/2024 (ISIN DE000A2YNXQ5), and 2020/2025 (ISIN DE000A289EM6). The core revenue model is development profit on property sales, with debt service obligations on the bond tranches.

Distribution channels2 records

Marketing channels4 records

Core offering

Euroboden GmbH operates as a residential property developer (Bauträger) in Germany, developing and selling premium residential real estate projects in top metropolitan locations including Munich, Berlin, and Düsseldorf. The company differentiates through architectural quality (Architekturkultur) and design-conscious development, and financed its operations primarily through corporate bond issuances listed on the Frankfurt Stock Exchange. The company filed for insolvency in August 2023 with formal proceedings opened on October 30, 2023.

Product overview

Euroboden GmbH is a German real estate development company specializing in residential property projects. The company operated as a bond-issuing real estate developer, developing residential projects primarily in Munich, Berlin, and Düsseldorf. The company issued multiple corporate bonds including Anleihe 2017/2022, Anleihe 2019/2024 (ISIN DE000A2YNXQ5), and Anleihe 2020/2025 (ISIN DE000A289EM6). Euroboden GmbH entered insolvency proceedings on October 30, 2023, with insolvency proceedings opened by Amtsgericht München (Az: 1509 IN 2357/23), and Oliver Schartl appointed as insolvency administrator.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential property development projects in Munich, Berlin, and Düsseldorf

Quantifiable outcome

• Sales volume of EUR 76.5 million in fiscal year 2020/2021 as reported in September 2021

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Müller-Heydenreich Bierbach & Kollegen (Insolvency Administration)coreOthersLaw firm appointed by Amtsgericht München to administer the insolvency proceedings over Euroboden GmbH. Oliver Schartl serves as Insolvenzverwalter (insolvency administrator). The firm handles creditor communications, asset assessment, and insolvency table management.

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Vonovia SE: Germany's largest residential real estate company with a national portfolio and significant new-build development activity, providing a broad incumbent comparable for the German residential property market in which Euroboden operated.
• LEG Immobilien SE: Major German residential property company listed on the MDAX, comparable as a broad incumbent in the same residential real estate segment though focused on existing portfolio management rather than new development.

Direct peers

• Bauwert AG: German premium residential developer active in major metropolitan areas including Berlin and Munich, comparable in product type and target buyer segment to Euroboden's premium inner-city projects.
• Becken Holding: German Bauträger focused on premium residential and commercial projects in top German cities, with a comparable product offering in Munich-area locations to Euroboden's premium-segment positioning.
• Pandion AG: Cologne-based residential developer with a focus on high-quality urban projects in German metropolitan markets, offering a directly comparable Bauträger model with project-level financing structures.
• Instone Real Estate: Frankfurt-listed German residential developer with a national footprint in metropolitan markets, comparable in business model and target product segment to Euroboden's German residential pipeline.
• Consus Real Estate (now part of Adler): German residential developer that experienced financial distress in 2021-2022 with bond market exposure, providing a comparable German residential developer insolvency trajectory to Euroboden's situation.
• KW Development: Berlin-focused German residential developer specialising in high-quality urban residential projects, comparable in operating model and premium-segment positioning to Euroboden's Berlin activities.
• Adler Group: German residential real estate developer/owner that similarly ran into severe financial distress with bond financing, providing the closest comparable for Euroboden's crisis-driven insolvency trajectory in the German residential market.

Emerging players

• TERRAGON AG: Berlin-based residential developer with a focus on premium urban projects, providing a niche comparable to Euroboden's German metropolitan premium development approach at a smaller scale.

Market position

Strengths3 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/euroboden-gmbh

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Euroboden Architekturkultur