{"id":7768,"date":"2025-11-28T11:18:07","date_gmt":"2025-11-28T10:18:07","guid":{"rendered":"https:\/\/atb.law\/?post_type=blog-post&#038;p=7768"},"modified":"2026-06-07T22:04:23","modified_gmt":"2026-06-07T20:04:23","slug":"llb-semper-real-estate-fund-u-likvidaciji-koja-prava-sada-imaju-investitori","status":"publish","type":"blog-post","link":"https:\/\/atb.law\/bs\/blog-post\/llb-semper-real-estate-fonds-in-abwicklung-welche-rechte-anleger-jetzt-haben\/","title":{"rendered":"Likvidacija LLB Semper Real Estate fonda"},"content":{"rendered":"<h2 id=\"page-schwieriges-marktumfeld-nahezu-keine-renditechance-und-trotzdem-niedrige-risikoklasse\"><strong>Izazovno tr\u017ei\u0161no okru\u017eenje, prakti\u010dno nikakve izglede za povrat, a ipak kategorija niskog rizika?<\/strong><\/h2>\n<p>Fond LLB Semper Real Estate pokrenut je po\u010detkom 2000. godine i ostvario je solidne rezultate tokom mnogih godina. LLB Immo Kapitalanlagegesellschaft m.b.H. usmjerila je svoja ulaganja na evropsku komercijalnu nekretninu. Stambene nekretnine su imale samo sporednu ulogu. Prema upravitelju fonda, slu\u017ebeni razlozi za likvidaciju su sljede\u0107i: <em>\u201eU oktobru 2023. godine, LLB Immo KAG je bio primoran, zbog brzog pada likvidne imovine koji je posljedica otkupa jedinica fonda u prethodnim mjesecima i op\u0107enito izazovnog okru\u017eenja na tr\u017ei\u0161tima nekretnina, da obustavi isplatu sredstava od otkupa jedinica fonda, kako bi se osiguralo pravilno svakodnevno upravljanje fondom u interesu ulaga\u010da.&quot;\u201c<\/em><\/p>\n<p>Zapanjuju\u0107e je da, uprkos <em>\u201e&quot;op\u0107enito izazovno okru\u017eenje na tr\u017ei\u0161tima nekretnina&quot;\u201c<\/em> Fond je, uz obustavu otkupa jedinica, tek unapre\u0111en u drugu od sedam kategorija rizika. Kategorije rizika 1 i 2 odlikuje \u010dinjenica da se smatra da investitori imaju posebno nizak investicijski rizik. Mnoge banke su preporu\u010dile ovaj fond svojim klijentima, prvenstveno u svrhu ulaganja neoporezivih dobiti. Kompanija koja upravlja fondom tako\u0111er je pla\u0107ala proviziju bankama. U slu\u010daju fonda LLB Semper Real Estate, ocjena niskog rizika koja mu je dodijeljena jedva da je bila kompatibilna sa stvarnim rizikom fonda za investitore.<\/p>\n<h2 id=\"page-abwicklung-war-fur-professionelle-marktteilnehmer-absehbar\"><strong>Ishod je bio predvidljiv za profesionalne sudionike na tr\u017ei\u0161tu.<\/strong><\/h2>\n<p>Pa\u017eljivo smo pregledali finansijske izvje\u0161taje LLB Semper Real Estate Fondsmanagement i utvrdili da<\/p>\n<ul>\n<li>izbijanje pandemije Covid-19 2020. godine pove\u0107alo je pritiske na tro\u0161kove i zna\u010dajno smanjilo profitne mar\u017ee,<\/li>\n<li>Ograni\u010denja pristupa maloprodajnim objektima u 2021. godini dodatno su izvr\u0161ila pritisak na fond i<\/li>\n<li>Institucionalni investitori (npr. banke, osiguravaju\u0107a dru\u0161tva, penzioni fondovi itd.) su 2022. godine povukli zna\u010dajan dio svog kapitala iz fonda.<\/li>\n<\/ul>\n<p>Po na\u0161em mi\u0161ljenju, ishod je bio predvidljiv za profesionalne sudionike na tr\u017ei\u0161tu. Rastu\u0107e kamatne stope, rastu\u0107i tro\u0161kovi i smanjena potra\u017enja za komercijalnim nekretninama, na kraju krajeva, vr\u0161e pritisak na izglede za profit. Za privatne investitore, koji su se \u010desto oslanjali na savjete svog bankarskog ili finansijskog savjetnika, ovaj negativni trend predstavljao je gorak udarac.<\/p>\n<h2 id=\"page-welche-moglichkeiten-habe-ich-als-anleger\"><strong>Koje opcije imam kao investitor?<\/strong><\/h2>\n<p>Privatni investitori se suo\u010davaju s mogu\u0107no\u0161\u0107u gubitaka \u2013 \u010diji obim, barem za sada, ostaje neizvjestan \u2013 kao rezultat likvidacije LLB Semper Real Estate fonda. Likvidacija fonda \u0107e se odugovla\u010diti godinama. Prema relevantnoj sudskoj praksi najvi\u0161ih sudova, investitor koji je pretrpio gubitak je, u principu, obavezan podnijeti tu\u017ebu za deklaratornu presudu u roku od tri godine od saznanja za doga\u0111aje koji su osnov za tu\u017ebu za naknadu \u0161tete.<\/p>\n<p>Kao privatni investitor, imate sljede\u0107e opcije, posebno da biste sprije\u010dili nadolaze\u0107i gubitak:<\/p>\n<ol>\n<li>Podno\u0161enje tu\u017ebi kojima se tra\u017ei utvr\u0111ivanje odgovornosti dru\u0161tva LLB Immo Kapitalanlagegesellschaft m.b.H. zbog neispravne klasifikacije rizika i lo\u0161eg upravljanja fondom LLB Semper Real Estate<\/li>\n<li>Podno\u0161enje tu\u017ebi protiv finansijskih savjetnika i bankarskih savjetnika zbog davanja neta\u010dnih savjeta u vezi sa LLB Semper Real Estate Fundom<\/li>\n<\/ol>\n<h2 id=\"page-atb-law-unterstutzt-sie-bei-der-durchsetzung-ihrer-anspruche\"><strong>ATB.LAW vam mo\u017ee pomo\u0107i da ostvarite svoja potra\u017eivanja.<\/strong><\/h2>\n<p>Ako ste vlasnik udjela u LLB Semper Real Estate Fundu (AT0000622980 (A) ili AT0000615158 (T)), Patrick Brunsteiner i <a href=\"https:\/\/atb.law\/bs\/roman-taudes\/\">Roman Taudes<\/a> Rado \u0107emo organizovati konsultaciju u vezi s vo\u0111enjem va\u0161ih tu\u017ebi za naknadu \u0161tete na <a href=\"mailto:office@atb.law\">office@atb.law<\/a>\u00a0ili telefonom na\u00a0<a href=\"tel:+4313912345\">01 39 12345<\/a> dostupno.<\/p>\n<p data-start=\"1549\" data-end=\"1645\">\u00a0<\/p>\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"template":"","categories":[39],"class_list":["post-7768","blog-post","type-blog-post","status-publish","has-post-thumbnail","hentry","category-anlegerrecht"],"acf":[],"post-kategorie":"39","_post-kategorie":"field_66d947537140a","post-kurzbeschreibung":"Der LLB Semper Real Estate Fonds wird abgewickelt. 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