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Corruption in Austria: Thomas Schmid Wants to Become a State Witness and Incriminates Kurz Government Heavily
The former head of ÖBAG and Secretary General in the Ministry of Finance, Thomas Schmid, has heavily incriminated ex-Chancellor Sebastian Kurz (ÖVP), his former close companion, in the Casag proceedings triggered by the Ibiza video and wants to become a state witness in the proceedings against Kurz. This was announced by the Economic and Corruption Prosecutor's Office (WKStA). Schmid had approached the investigators with the request, but a formal application had not yet been made.
October 19, 2022
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New 153-Meter Luxury Tower V22 in Vienna to be Completed by 2025
Construction is currently underway on a new 153-meter luxury tower in Vienna's 22nd district. The project, known as VIENNA TWENTYTWO or V22, is expected to be fully complete by 2025. Learn more about one of Vienna's largest urban development projects and see what it is expected to look like upon completion.
December 7, 2021
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Down Under Hotel Flair for Vienna
Adina Apartment Hotels, a hospitality brand and a market leader in high-quality apartment-style hotels originating from Australia, has announced its flagship Adina brand will debut in Vienna. One of only seven hotels to offer a swimming pool in Vienna, the "Adina Apartment Hotel Vienna Belvedere", developed by Signa Real Estate Management GmbH, will literally make a splash in Vienna’s ultra-modern Quartier Belvedere when it opens in April of 2021, completed with a heated indoor pool and sauna.
February 15, 2021 · Sponsored Content
Is Benko's Chrysler Deal in the Big Apple a Bargain?
The New York property firm RFR Holding LLC of German-American Aby J. Rosen, together with Signa Holding of Tyrolean real estate investor Rene Benko, is buying the traditional Chrysler Building in New York City for around 150 million dollars. The land is not part of the deal and the rent amounted to USD 32.5 million in 2018 and will continue to rise to USD 41 million a year by 2028.
March 11, 2019
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Benko-Hyatt Project - New Luxury Lifestyle Hotel Opens in Vienna in April 2019
The first Andaz Hotel in Austria, the boutique hotel "Andaz Vienna Am Belvedere" at the new Vienna Central Station, opposite the 21er Haus and the Schweizergarten, next to the park apartments at the Belvedere, is to be opened on 17 April 2019. It is the second project and a 50:50 joint venture between René Benko's Signa Group and Andaz Hotels, an affiliate of Hyatt Hotels Corporation.
March 1, 2019 · Sponsored Content
Niki Lauda Acquires Stakes in Benko's Real Estate Firms
The private foundation of former Formula 1 driver Niki Lauda will acquire 1% of Signa Prime and a 10% stake in Signa Retail.
July 17, 2015
Signa Buys Karstadt for €1
Austria's Signa Holding takes over struggling German department store chain Karstadt. Signa acquires a 100 per cent stake in Karstadt Warenhaus GmbH from Berggruen Holdings. Berggruen Holdings is going to withdraw from Karstadt Warenhaus GmbH, Karstadt Premium and Karstadt Sports as well as from from each property. The deal ends weeks of speculation over the company's future after the CEO left in July. Rene Benko will pay just €1 for the department store chain. Karstadt operates more than 80 stores across Germany and employs more than 17.000 people.
August 15, 2014
Austrian Signa Holding Acquires „KaDeWe“ in Berlin
The Austrian real estate group Signa Holding acquired 17 shopping centers in Berlin. In total, the sales price comes at € 1.1bn.
December 22, 2012
Kaufhof: Benko Offering € 2bn?
The Austrian investor decisively rejected reports that suggested this acquisition price. Metro’s CEO wants to obtain € 2-3bn.
December 8, 2011
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Wiedeking Joins Benko’s Signa Holding
The German manager becomes a member of the Austrian real estate group’s advisory board.
November 30, 2011
Benko to Acquire Kaufhof
The Austrian real estate investor René Benko plans to purchase the retail trade chain Kaufhof from the German Metro group.
November 2, 2011
Signa Holding Invests More than € 1.00bn
The Austrian real estate holding company conducted by Rene Benko intends to put strong effort into further growth.
March 7, 2011
Réné Benko Has already Invested 700 Million Euro This Year
The Tyrolean invests as heavily as before in Vienna and Innsbruck real estate. As to Eastern Europe, he expresses cautious optimism.
October 19, 2010
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