Signa Prime Selection, which belongs to René Benko’s insolvent Signa Group, begins selling luxury assets in Vienna and Innsbruck. The Park Hyatt, the Golden Quarter and the Constitutional Court building in Vienna as well as the Tyrol department store in Innsbruck are up for sale.
As part of the restructuring process under self-administration, the stake in Signa Prime Assets GmbH will now be sold, announced insolvency administrator Norbert Abel on Tuesday evening. The sale is intended to finance the restructuring plan. “The structured sale of Signa Prime Assets GmbH starts today and is an essential part of the restructuring concept the Signa Prime Selection,” said Abel in a press release. “The sale is intended to realize part of the financial resources required to fulfill the desired restructuring plan in the interest of the creditors,” said the restructuring administrator.if(!apaResc)var apaResc=function (a){var e=window.addEventListener?”addEventListener”:”attachEvent”,t,n;(0,window[e])(“attachEvent”==e?”onmessage”:”message”,function(e){if(e.data[a]) for(var t=document.getElementsByClassName(a),n=0;n!=t.length;n++) t[n].style.height=e.data[a]+”px”},!1)}; apaResc(“apa-0157-24”);Mahü construction site remains at a standstillThe construction of the “Lamarr” shopping center planned on Mariahilfer Straße is currently complete. It is currently unclear what will happen to this other Signa property in Vienna. There have recently been several bankruptcies in the Benko conglomerate – some worth billions. Renovation attempts are underway. Meanwhile, the insolvency decision on company founder Benko himself was delayed until March, as reported on Tuesday.
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