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Real Estate: Signa Development Selection files for bankruptcy on Friday

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Following Signa Prime Selection AG, the flagship of Signa Group’s real estate division, Signa Development Selection AG is expected to file for bankruptcy on Friday. It will be another application in the Signa company network of Austrian real estate investor René Benko. (Archive)

Like Prime and parent company Signa Holding, which filed for bankruptcy at the end of November, Signa Development is aiming for a self-managed restructuring process. This is another central real estate company in René Benko’s corporate network.

Like Signa Holding and Signa Prime, this development will probably enter the list of largest bankruptcies in Austrian history. Signa Development specializes in real estate development projects in German-speaking countries and northern Italy.

(SDA)

Source :Blick

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I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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Tim

I'm Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor's Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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Real Estate: Signa Development Selection files for bankruptcy on Friday

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