IREIT Global Group Pte. Ltd., the manager of IREIT Global, has announced that its wholly-owned subsidiaries, which hold the Berlin Campus, have been served with a payment order by DRV, the former main tenant at the site.
The order, filed on 10 September 2025 in the Berlin-Wedding local court, relates to a claim by DRV. The court has yet to examine the merits of this claim.
The subsidiaries have until 10 October 2025 to file an objection to the payment order. Should they do so, the case will proceed to the district court of Berlin, where DRV will be required to submit a formal statement of claims. The manager of IREIT Global maintains that the claim is unlikely to succeed and believes there is a strong chance of successfully defending against it.
The manager is currently seeking legal advice and is committed to defending the interests of IREIT and its subsidiaries. Unitholders and potential investors are advised to exercise caution when dealing with IREIT units and to stay informed through future announcements. They are also encouraged to consult professional advisers if uncertain about their next steps.
