Benko Establishes Joint Venture with Israeli Investor

People ♦ Published: January 16, 2013; 19:12 ♦ (Vindobona)

The Austrian real estate investor René Benko has found a partner. The joint venture will focus on commercial properties in Germany.

Benko Establishes Joint Venture with Israeli Investor / Picture: © Wikimedia Commons / Atrm [Attribution-ShareAlike 3.0 Unported (CC BY-SA 3.0)]

According to Benko´s Signa Holding, Signa Prime Selection has established a joint venture together with the Israeli BSG Real Estate Limited (BSGRE). BSGRE is owned by the billionaire Benyamin Steinmetz. According to insiders, Steinmetz is the second-richest Israeli. Steinmetz focuses on commodities and properties.

Signa Holding´s investment volume totals about € 5.5bn. More…

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