{"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-ulagaci","status":"publish","type":"blog-post","link":"https:\/\/atb.law\/hr\/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\u010dki 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 tijekom mnogih godina ostvario je solidne rezultate. LLB Immo Kapitalanlagegesellschaft m.b.H. usmjerila je svoja ulaganja na europske komercijalne nekretnine. Stambene nekretnine imale su samo sporednu ulogu. Prema upravitelju fonda, slu\u017ebeni razlozi likvidacije su sljede\u0107i: <em>\u201eU listopadu 2023. godine, LLB Immo KAG bio je prisiljen, zbog brzog pada likvidne imovine uzrokovanog otkupom udjela fonda u prethodnim mjesecima i op\u0107enito izazovnog okru\u017eenja na tr\u017ei\u0161tima nekretnina, obustaviti isplatu sredstava od otkupa udjela fonda, kako bi se osiguralo pravilno svakodnevno upravljanje fondom u interesu ulaga\u010da.&quot;\u201c<\/em><\/p>\n<p>Zanimljivo je da, unato\u010d <em>\u201e&quot;op\u0107enito izazovno okru\u017eenje na tr\u017ei\u0161tima nekretnina&quot;\u201c<\/em> Fond je, uz obustavu otkupa jedinica, tek uzdignut u razred rizika 2 od 7. Razredi rizika 1 i 2 karakterizirani su time \u0161to se smatra da ulaga\u010di suo\u010davaju s osobito niskim investicijskim rizikom. Mnoge su banke preporu\u010dile ovaj fond svojim klijentima, prvenstveno za ulaganje neoporezive dobiti. Upravitelj fonda tako\u0111er je pla\u0107ao proviziju bankama. U slu\u010daju fonda LLB Semper Real Estate, ocjena niske rizi\u010dnosti koja mu je dodijeljena jedva da je bila kompatibilna s stvarnom rizi\u010dno\u0161\u0107u fonda za ulaga\u010de.<\/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 financijska izvje\u0161\u0107a LLB Semper Real Estate Fondsmanagement i utvrdili da<\/p>\n<ul>\n<li>izbijanje pandemije bolesti COVID-19 2020. godine pove\u0107alo je pritiske na tro\u0161kove i zna\u010dajno smanjilo profitne mar\u017ee,<\/li>\n<li>Ograni\u010denja ulaska u maloprodajne prostore u 2021. godini dodatno su opteretila fond i<\/li>\n<li>Institucionalni ulaga\u010di (npr. banke, osiguravaju\u0107a dru\u0161tva, mirovinski fondovi itd.) povukli su zna\u010dajan dio svog kapitala iz fonda 2022. godine.<\/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 poslovnim nekretninama ionako vr\u0161e pritisak na izgled profitabilnosti. Za privatne ulaga\u010de, koji su se \u010desto oslanjali na savjete svog bankarskog ili financijskog savjetnika, ovaj negativni trend predstavljao je gorak udarac.<\/p>\n<h2 id=\"page-welche-moglichkeiten-habe-ich-als-anleger\"><strong>Koje opcije imam kao ulaga\u010d?<\/strong><\/h2>\n<p>Privatni ulaga\u010di suo\u010davaju se s mogu\u0107im gubicima \u2013 \u010diji opseg zasad nije mogu\u0107e predvidjeti \u2013 kao rezultat likvidacije LLB Semper Real Estate fonda. Likvidacija fonda potrajat \u0107e dugi niz godina. Prema relevantnoj sudskoj praksi najvi\u0161ih sudova, ulaga\u010d koji je pretrpio gubitak na\u010delno je obvezan pokrenuti postupak za deklaratornu presudu u roku od tri godine od saznanja za doga\u0111aje koji su doveli do potra\u017eivanja za naknadu \u0161tete.<\/p>\n<p>Kao privatni ulaga\u010d, imate sljede\u0107e opcije, osobito kako biste sprije\u010dili nadolaze\u0107i gubitak:<\/p>\n<ol>\n<li>Podno\u0161enje tu\u017ebi kojima se tra\u017ei presuda da je LLB Immo Kapitalanlagegesellschaft m.b.H. odgovorna za neispravnu klasifikaciju rizika i lo\u0161e upravljanje LLB Semper Real Estate Fundom<\/li>\n<li>Podno\u0161enje tu\u017ebi protiv financijskih i bankarskih savjetnika zbog davanja neto\u010dnih savjeta u vezi s LLB Semper Real Estate Fundom<\/li>\n<\/ol>\n<h2 id=\"page-atb-law-unterstutzt-sie-bei-der-durchsetzung-ihrer-anspruche\"><strong>ATB.LAW vas podr\u017eava u ostvarivanju va\u0161ih 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\/hr\/roman-taudes\/\">Roman Taudes<\/a> Rado \u0107emo organizirati konzultacije u vezi s ostvarivanjem va\u0161ih potra\u017eivanja za od\u0161tetu 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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