PropertyEU

German Port Olpenitz project files for insolvency

By A staff reporter 2011-10-24T00:00:00

Port Olpenitz, the developer and operator of a EUR 500 mln holiday park on the German Baltic coast, has filed for insolvency after the group's joint venture partners, American Realty Investors, and Berlin's HarmInvest, were no longer able to fund the construction of the scheme.

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