German Property Group GmbH, formerly Dolphin Capital GmbH: Payment Due
Dolphin Capital GmbH (later renamed as Dolphin Trust GmbH and now under the name German Property Group… GmbH) allegedly purchased listed buildings in Germany. In order to finance the purchase and development of the properties they started to take loans from foreign investors or offered co-development agreements in return for interest of up to 15 %. In some cases they offered options to purchase.
According to the agreements with oversee investors which we have seen so far, the investments had to be secured by land charges. However, the investor was never supposed to get a personalized land charge in her or his name. Within the contracts it was agreed on that a trustee should hold the land charge. Though, nobody has ever seen those land charges. The only information that was provided derives from a trustee and says that the land charge exists.
However, investors must realize
- that repayments and payments of interest come to a full stop,
- that according to the German commercial register Charles Smethurst already left the company in September 2018 as CEO,
- and that some of the properties that should be developed are not owned by Dolphin or an affiliated company but third parties.
If you do not want to continue hoping for and waiting for repayment of your loan, we are happy to assist you in actively enforcing your claims.
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