2024-03-14 16:44:58
The creditors’ meeting of the insolvent Signa Prime has once more not approved the sale of luxury real estate to the German industrialist family Schoeller. The Schoeller deal has finally been called off, informed creditor circles told APA. On Monday, the creditors’ committee spoke out once morest the sale to Schoeller and finally rejected the transaction on Wednesday. Some creditors lacked an explanation as to why there was no alternative to the deal.
The assets include the Goldenes Quartier, the Hotel Park Hyatt in Vienna and the Tyrol department store in Innsbruck. The German industrialists helped René Benko’s Signa Prime Selection out of its liquidity crisis last summer with a loan of 200 million euros and in return received liens on the financing company Signa Prime Capital Invest GmbH, which owned shares in valuable properties such as the planned Lamarr luxury department store in Vienna, the KaDeWe in Berlin and the Elbtower project in Hamburg.
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