September 12, 2019, Vienna – SIGNA Holding GmbH yesterday executed a capital increase of EUR 700 million by its existing shareholders.
Moreover, its largest subsidiary SIGNA Prime Selection AG (“SIGNA Prime”), as the flagship real estate company of SIGNA Group will execute a EUR 500 million capital increase on next Tuesday September 17th, 2019, which is already fully subscribed.
Key strategic shareholders in SIGNA Prime besides SIGNA Holding include the German endowment RAG Stiftung, the two German insurance companies R+V and LVM, the listed investment company of the Peugeot family FFP Group, Madison International Realty, Longbow Finance as well as various successful European entrepreneurs and their family offices.
The proceeds from the capital increases will be used for future acquisitions and bolstering SIGNA Group’s liquidity reserves. After closing of the Kaufhof transaction the entire group has access to liquidity reserves of more that EUR 1 billion for future growth.
The Group’s total gross asset value in real estate by the end of the year 2019 exceeds EUR 20 billion, which positions SIGNA as one of the biggest real estate owners in Europe.
About SIGNA Group
Founded by Austrian entrepreneur René Benko in 1999, the SIGNA Group is a privately owned, investment company focusing on the real estate, retail and media sector. The company is one of Europe’s leading real estate investors with a portfolio of unique assets in prime locations and counts as one of the largest real estate developers with a development pipeline of EUR 9 billion, which is run out of 10 offices in Austria, Germany, Italy, Switzerland and Luxembourg. SIGNA is one of the dominating investors in the highly attractive property markets of Vienna, Berlin, Munich and Hamburg. In early 2019 SIGNA Group decided to diversify its real estate activities into the US market and acquired the famous Chrysler Building in New York.
With SIGNA Retail the Group owns the leading omnichannel retail platform in Europe with over EUR 7.5 billion in revenues and 45,000 employees. SIGNA Retail built with Sports United the #1 online sports retailer in continental Europe.
SIGNA Media invests in selected opportunities in the media sector with leverage on strong brands and is shareholders in Austria´s biggest newspaper group Krone-Kurier.
About SIGNA Prime
SIGNA Prime is a leading owner of ultra-prime and inner-city trophy assets like the KaDeWe luxury department store and Upper West Tower in Berlin, the Park Hyatt and Goldenes Quartier in Vienna and in Hamburg the Alsterhaus and Alsterarkaden. The company focuses on top cities in German-speaking Europe like Berlin, Vienna, Hamburg, Frankfurt and Munich.