Sponsored Content
New Bankruptcy in the Signa Group: Signa Development Icon GmbH Will not be Continued
The economic turbulence surrounding the Signa Group shows no sign of abating. The creditor protection association Creditreform announced that Signa Development Icon GmbH has filed for bankruptcy proceedings, which will not be continued in the future. "The Icon Vienna" houses prominent companies and diplomatic missions and is a subsidiary of the Signa Development Selection AG, which had previously filed for insolvency.
"The Icon Vienna" houses prominent companies and diplomatic missions, including BAWAG, TPA, L'Oréal, Nestlé, Nespresso, Ferring, Procter & Gamble, Australia, New Zealand embassies, and European Union delegation. / Picture: © Wikimedia Commons; User:Geolina163, CC BY-SA 4.0 DEED (https://creativecommons.org/licenses/by-sa/4.0/deed.en)
Significant properties in Signa Development Icon GmbH's portfolio include the office complex “The Icon” at Vienna Central Station, one of the company's best-known real estate projects in Austria. The building was acquired by the Allianz Group in 2017 for over half a billion euros, although it was still under construction at the time. Until recently, the complex symbolized the Signa…
or Log In
Fast News Search