Signa Prime Selection starts structured sales of several properties in Vienna and Innsbruck

2024-02-13 19:59:23

– Including Goldenes Quartier and Kaufhaus Tyrol

Vienna (OTS) – As part of the restructuring process with self-administration of SIGNA Prime Selection AG, the 100% stake in SIGNA Prime Assets GmbH is now being sold. In addition to the Vienna properties Park Hyatt, Tuchlauben (Golden Quarter) and Renngasse 2 (Constitutional Court), this investment also includes the Tyrol department store in Innsbruck.

The structured exploitation of this part of SIGNA Prime Selection’s Austrian real estate portfolio is carried out by the company together with ABEL Rechtsanwälte as restructuring manager as part of the planned restructuring of SIGNA Prime Selection.

Norbert Abel: “The structured sale of SIGNA Prime Assets GmbH starts today and is an essential part of the restructuring concept of SIGNA Prime Selection. The sale is intended to realize part of the financial resources required to fulfill the desired restructuring plan in the interests of the creditors.”

Renovation plan meeting on March 18, 2024

The reporting and audit meeting will take place on February 26, 2024. The renovation plan meeting is scheduled for March 18, 2024 with the vote on the presented renovation plan.

A restructuring process is not public. SIGNA Prime Selection AG has agreed to the publication of this press release.