2023-12-28 10:09:26
Signa Prime Selection AG, the most important subsidiary in the corporate network of the Tyrolean real estate investor Rene Benko, filed for insolvency at the Vienna Commercial Court on Thursday. The company announced this in a press release this morning. A restructuring procedure under self-administration is being applied for.
As Signa announced in a broadcast shortly after half past ten today, the board of directors has requested the adoption of a restructuring plan. “The aim is the orderly continuation of operational business operations within the framework of self-administration and the sustainable restructuring of the company. Signa Development Selection AG is in the same situation and will submit the application for restructuring proceedings with self-administration tomorrow, December 29, 2023.
In Signa Prime, Benko has bundled Signa’s shares in well-known properties such as Vienna’s “Golden Quartier”, the Lamarr department store on Vienna’s Mariahilfer Straße and Berlin’s KaDeWe. At the end of November, self-administered restructuring proceedings were initiated via the parent company Signa Holding.
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