BUSINESS MODEL

SIGNA Development Selection AG specialises in the development of classic commercial and residential real estate properties in the DACH region and Northern Italy. The company follows a strict “buy-develop-sell” strategy.
In 2017, SIGNA Development took over the long-established developer BAI (Bauträger Austria Immobilien GmbH).

As part of the SIGNA Group’s long-term business model, SIGNA Development Selection AG aims to invest in real estate development projects in good locations away from prime inner-city spots. This way SIGNA Development avoids to compete with SIGNA Prime Selection AG. The value creation comprises planning, development, financing, construction, leasing and sale by SIGNA Development Selection AG. SIGNA Development has a balance sheet totaling 4.1 billion euros (FY 2020).

ManagementBoard of Management

Timo Herzberg

Timo Herzberg

Timo Herzberg is CEO of SIGNA Prime Selection AG and SIGNA Development Selection AG. He has been a member of the SIGNA Group Executive Board since December of 2018. Timo Herzberg has been working for SIGNA since the beginning of 2017. He is responsible for and manages all real estate activities in Germany. He can look back on more than 20 years of experience in real estate investment and development business with national and international, private and institutional real estate investors. In 2006, he founded Signature Capital Group Germany, which he led as Director as well as Managing Director.

Manuel Pirolt

Manuel Pirolt

Manuel Pirolt has been SIGNA Prime Selection AG’s CFO since 2013 as well as CFO of SIGNA Development Selection AG since it’s foundation in 2014. He has been working for SIGNA in the areas of corporate finance, investment controlling and transaction management since 2011. Manuel began his professional career at BDO Austria in the areas of auditing, special audits and transaction consulting. In addition to his main focus on the construction and real estate industry, he supported clients from a wide range of sectors.

Michael Möstl

Michael Möstl

Michael Möstl is a Member of the Management Board of SIGNA Development Selection AG. He has worked for SIGNA since 2014, and prior to that, he was employed in Germany and Austria as Managing Director and Member of the Board of the Seeste Group of Companies since 1993. He has many years of experience in the development and construction of high quality privately financed residential properties. Since 1998, Michael Möstl has been largely responsible for the development of Seeste Bau AG Wien. After completing his technical training, he worked in project management for Siemens, EKZ Interspar and BOE, among others.

Tobias Sauerbier

Tobias Sauerbier

Tobias Sauerbier has been a member of the SIGNA Prime Selection AG and SIGNA Development Selection AG Management Boards since March of 2019. Previously, he held numerous management positions, including Managing Director of IFM Asset Management GmbH and Member of the Board of IFM Immobilien AG (2009-2013), Managing Director of GWH Bauprojekte GmbH (2013-2015) and most recently (2016-2019) as a member of the Management Board of project development company Groß & Partner. Mr. Sauerbier graduated with a degree in Civil Engineering at the Wiesbaden University of Applied Sciences and studied Real Estate Economics at the European Business School in Oestrich-Winkel.

Claus Stadler

Claus Stadler

Claus Stadler has been a Member of the Management Board of SIGNA Prime Selection AG and SIGNA Development Selection AG since April of 2020. As COO-Austria, his activities focus on the Austrian property developments of SIGNA’s real estate division. Mr Stadler has been Managing Director of BAI since August of 2020. Claus Stadler has 15 years of management experience in large-volume real estate developments throughout f Austria. In his most recent position, he was general representative of the UBM management. Before that he was Managing Director of the Porr Group, and prior to that Managing Director of ÖBB Immobilienmanagement GmbH.

Development SelectionSupervisory Board

Dr. Alfred Gusenbauer

Dr. Alfred Gusenbauer

Dr. Alfred Gusenbauer was Austria’s Chancellor. After leaving the political arena, he accepted several selected Supervisory Board mandates, including Chairman of the Supervisory Board of STRABAG, one of Austria’s largest construction groups, as well as SIGNA Prime Selection AG and SIGNA Development Selection AG. Since the 2009 winter semester, he has also been a Visiting Professor at the US Ivy League Harvard University. Alfred Gusenbauer is regarded as an expert in the areas of foreign, security and economic policy. He has been awarded several prestigious national and international prizes.

Robert Peugeot

Robert Peugeot

Since 2002, Robert Peugeot has been Chairman of the Board and CEO of the listed investment company Peugeot Invest, one of the three main shareholders of Stellantis N.V. Peugeot Invest became a shareholder of SIGNA Prime in 2019 and of SIGNA Development in 2021.

Christoph Stadlhuber

Christoph Stadlhuber

Christoph Stadlhuber is Member of the Group Executive Board, Managing Director of SIGNA Holding GmbH and Member of the Advisory Board of SIGNA Development Selection AG. He started working at SIGNA in 2011 and is supporting all real estate activities in Austria with his strong network and years of real estate experience. He completed his studies in Spatial Development and Planning at the Vienna University of Technology. Among other positions, he was Chef de Cabinet of the Austrian Federal Minister of Economics and Labour, Dr. Martin Bartenstein. From 2003 to 2011, he was Managing Director of Bundesimmobiliengesellschaft m.b.H.

Dr. Susanne Riess

Dr. Susanne Riess

Dr. Susanne Riess can look back on many years of political experience. She was sworn in as Vice Chancellor of the Federal Republic of Austria in 2000. Following her departure from the political arena, Ms Riess has been CEO of the Austrian Wüstenrot Bausparkassen- und Versicherungsgruppe since 2004, and she also holds numerous Supervisory Board mandates, such as on the Board of Directors of Swiss IHAG Privatbank.

Dr. Karl Sevelda

Dr. Karl Sevelda

Dr. Karl Sevelda has over 40 years of experience in the banking sector. He worked at Creditanstalt-Bankverein for over 20 years before joining Raiffeisen Bankengruppe in 1998, where he was responsible for RZB’s corporate customer business until 2010. Between 2010 and 2013, he was Deputy Chairman of the Managing Board of Raiffeisen Bank International (RBI), and from June 7, 2013, he was its Chairman until 2017. The merger of RBI with its parent company RZB was completed towards the end of Dr Sevelda’s term of office, resulting in structural improvements and increased transparency.

Jürgen Fenk

Jürgen Fenk

Jürgen Fenk has been a Member of the Supervisory Board of SIGNA Development Selection AG since 2018. He has been the CEO Real Estate of Groupe Primonial since March of 2021. From 2017 to 2021, he was a Member of SIGNA’s Group Executive Board and was responsible for Banking, Capital Markets and Capital Sourcing. Prior to that, Mr. Fenk was a Member of the Board of Management of Landesbank Hessen-Thüringen (Helaba), where he was responsible for the Real Estate, Debt Capital Markets and Financial Institutions divisions. Mr Fenk has also been a Member of the Supervisory Board of Deutsche Wohnen Group since October of 2017.

SIGNA Development SelectionProjects

Investor RelationsTRUSTFUL CAPITAL MARKET DIALOGUE

As a leading real estate company, integrity, responsibility, fair play, compliance, and transparency constitute the essential foundation of SIGNA Development Selection AG. We are mindful of economic, environmental and social aspects as we regard raising the value of our assets and the company as our duty and our goal.

Our cooperation with investors is characterized by transparency, equal treatment, openness and trust.

In the continuous exchange of information with our investors focus on efficient, direct and user-oriented communication to ensure the long-term success of our company.

The annual and consolidated financial statements of SIGNA Development Selection AG are audited by KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft. KPMG also evaluates the compliance with the Austrian Corporate Governance Code. Additional information about our Compliance Guidelines can be found here.

Investor contact

For questions and information about the company, please feel free to contact our Investor Relations team at any time.

 

Esther Heilmann, Head of Capital Markets DACH
Office: +49 30 726 131 435
investor@signa.at

 

Richard A. Johnson, Head of International Capital Markets
Office: +41 44 2000 325
investor@signa.at

Investorportal

A strong partnership with our investors is the foundation of our identity, which is based on personal service, diligence and transparency. The investor portal serves a personalised platform designed to build a trusting relationship with our existing or potential future investors through transparent information policy.

In order to gain access to the site, please log in – or fill in your details here to request a personalized investor account.
Our Investor Relations team will be happy to answer any questions you may have about SIGNA at investor@signa.at.

Sustainability at SIGNA Development Selection AGActing responsibly as a core value

As a major real estate developer and investor in Europe, SIGNA Development Selection AG adheres to the guiding principles of sustainable development and corporate management. In addition to economic interests, environmental and social aspects are systematically taken into account in SIGNA’s business decisions and value-creation processes.

Economic success, integrity and social responsibility are equivalent goals for SIGNA. With its “Our sustainable SIGNAture 2025” principles, SIGNA has defined a holistic sustainability strategy for three fields of action: “Sustainable Buildings”, “Attractive Employer” and “Corporate Governance and Compliance”.

In March 2021, SIGNA Development Selection AG (SDS) achieved an excellent score during its first ESG rating by rating agency Sustainalytics. In the project developer category, SDS is among the top 1% of companies rated by Sustainalytics in the industry worldwide. SDS attained a risk score of 10.6 (low risk) on a scale of 0 to 100, where 0 represents a negligible ESG risk.

Link to SIGNA Development Selection AG rating report

sustainalytics

Copyright © 2021 Sustainalytics. All rights reserved. This publication contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at www.sustainalytics.com/legal-disclaimers

Green Finance Framework

The Green Finance Framework is a framework that makes it possible for SIGNA Development Selection AG to issue sustainable financing instruments and ensures that all sustainable financing instruments issued by SIGNA Development Selection are in compliance with best practices in the market as set out in the 2018 ICMA Green Bond Principles.

This framework applies to all of SIGNA Development Selection AG’s sustainable financing instruments and has been reviewed by the ESG rating and research agency Sustainalytics in order to provide a second party opinion.

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Contact

Innsbruck Office

Maria-Theresien-Straße 31
6020 Innsbruck

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

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Vienna Office

Freyung 3, Palais Harrach
1010 Wien

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

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