Signa by René Benko sells Austrian luxury real estate. The sale begins in Vienna and Innsbruck.
By mid-January, Signa Prime's creditors had registered claims of around 464 million euros. During the insolvency proceedings, at least 30 percent of the outstanding amounts should be repaid. This will be partially financed by the structured sale of buildings that is now beginning, according to the Viennese law firm Abel. Court hears Benko's solvency The Signa Group expanded rapidly during the low interest rate phase.