BUSINESS MODEL

SIGNA Development Selection was set up as an Austrian corporation (Aktiengesellschaft) in 2014 to implement two of the Group’s projects. Both are situated close to the heart of Vienna on the site of the new Hauptbahnhof main railway station, an urban development zone in an unrivalled location.

SIGNA Development Selection was set up as an Austrian corporation (Aktiengesellschaft) in 2014 to implement two of the Group’s projects. Both are situated close to the heart of Vienna on the site of the new Hauptbahnhof main railway station, an urban development zone in an unrivalled location.
These distinctive premium developments, THE ICON VIENNA, PARKAPARTMENTS AM BELVEDERE and Andaz Am Belvedere Vienna, represent attractive valuecreation opportunities thanks to their highest quality, feasibility and sustainability, on top of their location at one of the Austrian capital’s most important infrastructure and transport hubs. In autumn 2016 the company extended its portfolio with two projects: FORUM DONAUSTADT will create a pioneering, mixed-use district, which is part of a major urban development project in Vienna. In one of the most sought-after locations for retail, office and residential use, Berlin Friedrichshain, SIGNA is redeveloping the department store property known as „Kaufhof am Ostbahnhof“ as an attractive business location with modern office and retail space.

In the course of the take over of the BAI at the beginning of 2017 the project “Wohnen am Schweizergarten", was purchased directly by SIGNA. In addition to the attractive architecture by Delugan Meissl and Coop Himmelb(l)au, the project stands out due to the the striking, well-connected location within the important urban development project “Central Railway Station", just a few minutes away from Vienna’s first district.

The company is looking to extend its portfolio, including by means of geographic diversification.

TOTAL INVESTMENT COST: >€ 2.5 BILLION
DEVELOPED AREA: >700.000 SQM

 

Structure

With these high-quality projects, the new company’s main shareholders, SIGNA Holding and Falcon Private Bank, have underlined the track record and expertise at SIGNA Development Selection’s disposal.

ManagementBoard of Management

Timo Herzberg

Timo Herzberg

Since 2017, Timo Herzberg has served as board member of SIGNA Prime, assuming responsibility for all of SIGNA’s real estate operations in Germany. The 41-year-old property entrepreneur worked in real estate development as well as transaction management alongside his studies and set up his own business in 1999. His 20-year career in real estate investment and development has taken him to various locations in Germany, and he has worked with a number of private and institutional property investors from Germany and abroad. Previously, Mr. Herzberg headed Signature Capital Group Germany as a director and CEO.

Christoph Stadlhuber

Christoph Stadlhuber

Christoph Stadlhuber, born in 1967, has been CEO of SIGNA Prime Selection AG since 2011. As Managing Director of the Austrian Federal Real Estate Corporation (Bundesimmobiliengesellschaft) from 2003 until 2011 he has accumulated more than nine years of decisive real estate experience. Prior to this he directed the office of the Austrian Economy and Labour Minister. He has been chairman of the SIGNA Executive Board since 2013.

Manuel Pirolt

Manuel Pirolt

Born in 1983, Manuel Pirolt was appointed CFO of SIGNA Prime in 2013. He joined the SIGNA Group in 2011, with responsibility for corporate finance and investment and transaction management. He started his career at BDO Austria, specialising in auditing, special audits and transaction consulting, and worked with clients from a wide variety of sectors, in particular the construction and real estate industries.

Michael Möstl

Michael Möstl

Born in 1962, Michael Möstl joined SIGNA in 2014 and took over as Managing Director of SIGNA Development Selection AG and CEO of SIGNA Real Estate Management GmbH. He has worked in Germany and Austria since 1993 as CEO and chairman of the Seeste Group, and has extensive experience of the development and construction of high-quality, privately financed residential property. From 1998 he was instrumental in the expansion of Vienna-based Seeste Bau AG. After completing his degree in technology, he worked in project management at a number of companies, including Siemens, EKZ Interspar and BOE.

Thomas Jakoubek

Thomas Jakoubek

Thomas Jakoubek, born in 1958, has been member of the management board of SIGNA Development Selection since August 2017. The graduate construction engineer and development planner has been CEO and spokesperson of BAI Bauträger Austria Immobilien GmbH since 2004. From 2004 to 2017 Mr Jakoubek was CEO of the Immobilien GmbH and from 1998 to 2017 he was board member of WED AG.

Development SelectionSupervisory Board

Dr. Alfred Gusenbauer

Dr. Alfred Gusenbauer

Alfred Gusenbauer is a former Austrian Federal Chancellor. After leaving politics, he took up a number of supervisory board positions, including at Austria’s largest construction company Strabag, and Westdeutsche Allgemeine Zeitung (WAZ), a German daily newspaper.  He has been a visiting professor at Harvard University since 2009. Mr Gusenbauer is an expert in foreign, security and economic policy, and has numerous Austrian and foreign accolades to his name.

Wolfram Keil

Wolfram Keil

Wolfram Keil, born in 1967, has been Managing Director of SIGNA Retail GmbH since 2014 and was previously CFO of the SIGNA Recap Funds. He previously worked for Cerberus Germany and Terra Firma Capital Partners in London, where he gained comprehensive experience in private equity and the real estate business. Wolfram Keil began his professional career in finance at Procter & Gamble. In 2013, he joined the SIGNA Executive Board as Group CFO.

Frank Tölle

Frank Tölle

Frank Tölle, born in 1963, has been CEO of SIGNA Funds since 2005. Before this, he was a member of the directorate of IDEENKAPITAL Financial Service AG, a subsidiary of ERGO Insurance Group, where he was primarily responsible for the conception of closed-end investment fund products. In 2013, he joined the SIGNA Executive Board.

Dr. Karl Sevelda

Dr. Karl Sevelda

Karl Sevelda, born 1950, studied at Vienna University of Economics and Business from 1968, completing his studies in 1973 with a Master’s in Social and Economic Sciences. In the following years up to 1976 he carried out freelance research activities on behalf of the Federal Ministry of Science and Research as well as for the Federal Ministry of Trade, Commerce and Industry. At the same time, he worked for the Institute of Economic Policy. In 1980 Sevelda gained his Doctorate in Social and Economic Sciences. Between 1977 and 1983 Sevelda was a consultant in Commercial Credits and Export Financing with the Creditanstalt-Bankverein, and from 1983 to 1985 he was Economic Policy Director at the Office of the Federal Minister for Trade, Commerce and Industry, Norbert Steger. In 1985 service tours with banks took him to Great Britain and the United States. After his return in 1986 he went back to Creditanstalt-Bankenverein. Until its privatisation in 1997 he was engaged there as Executive Head of Department for Export Financing, Deputy Director of the Financing Division, Director of the Division for International Corporations and Insurance, as well as Director of the Corporate Clients Division. In 1998 Sevelda moved to Raiffeisen Zentralbank Österreich, where he was a Member of the Board of Directors. In this role he carried worldwide responsibility for the Divisions of “Company Clients Business and Corporate” as well as “Trade and Export Finance”. Between 2010 and 2013 he was Deputy Chair of the Board of Directors of Raiffeisen Bank International (RBI), and from 7 June 2013 Chair of the Board until 2017. Under his leadership, capital reserves were built up to meet the strict Basel III requirements. In 2014 the bank was able to repay participation capital issued during the 2009 crisis. Nearing the end of his term, RBI merged with its parent Raiffeisen Zentralbank (RZB), enhancing efficiency and transparency. In March 2017 he was succeeded by Johann Strobl as Chair of the Board of Raiffeisen Bank International.

SIGNA Development SelectionProjekte

Contact

Innsbruck Office

Maria-Theresien-Straße 31
6020 Innsbruck

T: +43 512 58 51 19-0
F: +43 512 58 51 19-1003
M: innsbruck@signa.at

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Vienna Office

Freyung 3, Palais Harrach
1010 Wien

T: +43 1 53 29 848-0
F: +43 1 53 29 848-2023
M: wien@signa.at

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