BUSINESS MODEL

When SIGNA Prime Selection AG (“SIGNA Prime") AG was established in 2010, the company had six properties worth 750 million Euro; since then it has developed into one of the largest real estate stock companies in Europe, with a portfolio of 22 trophy properties and a gross asset value of more than 11 billion Euro.

SIGNA Prime represents the largest real estate company within the SIGNA Group, and for years has pursued the highly successful strategy of developing the portfolio of exceptional properties in prime inner city locations in Germany, Austria, and Northern Italy, as well as continuing to acquire and develop specific properties in central retail settings. The portfolio held by SIGNA Prime includes iconic properties such as KaDeWe in Berlin, the UPPER WEST in Berlin, the Golden Quarter in Vienna, with the Park Hyatt Vienna, Oberpollinger in Munich, Kaufhaus Tyrol in Innsbruck, and Alsterhaus in Hamburg.

The significant properties are retained in ownership in the long term, and, thanks to their locations, enjoy comprehensive value stability, are fully let, and, in addition, catch people’s eye. SIGNA Prime is one of the largest real estate owners in major cities such as Berlin, Munich, Hamburg and Vienna, and pursues the aim of owning its properties over generations and developing them further.

The successful business development of SIGNA Prime over the past years has led to an ongoing expansion of its group of big name shareholders, who have strategically acquired participations in SIGNA Prime. In order to sustain the successful growth strategy adopted by the company, and in order to be able to enlarge the portfolio of exceptional properties still further, on 16 August 2018, SIGNA Prime accordingly implemented an increase in the shareholders capital by a further 500 million Euro. The whole equity capital of SIGNA Prime according is more than 5 billion Euro.

The majority shareholder in SIGNA Prime is SIGNA Holding, together with its founding and main shareholder, the Familie Benko Privatstiftung [Benko family private foundation], which at present jointly holds more than 65% of the shares issued. RAG Stiftung from Essen, the investment company RFR, the insurance groups R+V and LVM, Haselsteiner Privatstiftung, Novo Invest, which belongs to the Austrian parade entrepreneur Prof. Johann Graf, management consultant legend Prof. Roland Berger, and many others including the Family Office of ex-Formula 1 World Champion Niki Lauda, are among the mainly institutional shareholders.

SIGNA Prime has a stable and outstanding A+ rating from Creditreform Rating AG.

NUMBER OF PROPERTIES: 22
PORTFOLIO MARKET VALUE: MORE THAN 11 BILLION EURO
RATING: A+

SIGNA Prime is a privately owned Austrian stock corporation with offices in Innsbruck and Vienna.

SIGNA Prime is majority owned by the SIGNA Group. There are also other well-known institutions and entrepreneurs involved.

Through its subsidiary SIGNA Real Estate Management, SIGNA Prime has direct access to the real estate expertise of more than 100 specialists in asset and transaction management as well as real estate development. In addition, SIGNA Prime draws on the expertise of the entire SIGNA Group.

Structure

The company is majority-owned by SIGNA Group. Other shareholders include a number of successful entrepreneurs.

SIGNA Prime takes advantage of SIGNA Group’s wide-ranging real-estate expertise, displayed by over 100 employees who are involved in day-to-day operations.

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SIGNA Prime SelectionBoard of Management

Timo Herzberg

Timo Herzberg

Timo Herzberg, CEO of SIGNA Real Estate Germany, was appointed to the SIGNA Group Executive Board in December 2018. He joined SIGNA at the start of 2017 and is responsible for all of the Group’s real estate operations in Germany. He has almost 20 years’ experience of the property investment and development business, and has worked with a number of private and institutional property investors from Germany and abroad. In 2006, Mr Herzberg set up Signature Capital Group Germany, which he headed as a director and CEO.

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.

Christoph Stadlhuber

Christoph Stadlhuber

Christoph Stadlhuber, CEO of SIGNA Real Estate Austria, is responsible for all of the Group’s real estate operations in Austria. He joined SIGNA in 2011 and was appointed CEO of SIGNA Prime Selection AG and SIGNA Development Selection AG, as well as Managing Director of SIGNA Holding GmbH. Christoph Stadlhuber has been spokesman of the SIGNA Group Executive Board since 2013. He has a degree in spatial planning from Vienna University of Technology (TU Wien). He served as Head of Cabinet to the Austrian Federal Minister of Economics and Labour, Martin Bartenstein. He has built up extensive experience of the real estate sector, including as managing director of Bundesimmobiliengesellschaft m.b.H between 2003 and 2011.

SIGNA Prime SelectionSupervisory Board

Dr. Alfred Gusenbauer

Dr. Alfred Gusenbauer

Alfred Gusenbauer was an Austrian Federal Chancellor. After leaving politics, he held a number of selected posts on supervisory boards, among them as chairman of the Supervisory Board of Strabag, one of Austria’s largest construction companies, as well as of SIGNA Prime Selection AG and SIGNA Development Selection AG. In addition to this, since the winter semester 2009 he has been a Visiting Professor at the US “Ivy League” Harvard University. Alfred Gusenbauer is regarded as an expert in the fields of foreign policy, security policy, and economic policy, and is the holder of a number of national and foreign awards and distinctions

Dr. Susanne Riess

Dr. Susanne Riess

Susanne Riess’s extensive political experience saw her named Austrian Vice-Chancellor in 2000. After leaving politics, she became chairwoman of the board of Austrian home loan savings and insurance group Wüstenrot in 2004. She also sits on a number of supervisory boards, including at Switzerland’s IHAG Privatbank.

Karl Samstag

Karl Samstag

Karl Stoss has a degree in business administration. Early in his career he was a partner at management solutions company Management Zentrum St. Gallen and a lecturer at the University of Innsbruck. In 1997 he became deputy chairman of the executive board of Österreichische Postsparkasse AG before joining the Raiffeisen Zentralbank AG executive board in 2001. He was appointed CEO of Generali Versicherung AG in 2005. Karl Stoss has been CEO of Casinos Austria AG since 2007 and was elected president of the Austrian Olympic Committee in 2009.

Dr. Karl Stoss

Dr. Karl Stoss

Karl Stoss has a degree in business administration. Early in his career he was a partner at management solutions company Management Zentrum St. Gallen and a lecturer at the University of Innsbruck. In 1997 he became deputy chairman of the executive board of Österreichische Postsparkasse AG before joining the Raiffeisen Zentralbank AG executive board in 2001. He was appointed CEO of Generali Versicherung AG in 2005. From 2007 until the end of 2017 Karl Stoss was CEO of Casinos Austria AG since 2007 and was elected president of the Austrian Olympic Committee in 2009.

Rainer de Backere

Rainer de Backere

Rainer de Backere served as a Member of Management Board of Westfälische Provinzial Versicherung AG and was responsible for all investments of the group with special focus also to real estate investments Until 2005. Rainer de Backere holds a number of supervisory and counseling mandates in the financial and real estate industry. (Chairman of the Supervisory Board of Frankonia Eurobau AG,  Member of Advisory Board at Quantum Immobilien AG)

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.

Dr. Helmut Linssen

Dr. Helmut Linssen

In July 2018, Dr. Helmut Linssen was appointed as a new member of the management board of SIGNA Prime Selection AG. He trained as wholesale and export merchant, received a PhD in Economics and Social Sciences and has been a member of the CDU since 1972, having held several political offices, including First Vice President of the Landtag North Rhine-Westphalia (NRW) from 2000 to 2005, and from 2005 to 2010 Minister of Finance of NRW. From 2008 to 2010, he was a member of the Board of Directors of RAG Aktiengesellschaft, as well as RAG Deutsche Steinkohle AG. On 1 December 2012, he was appointed a Board Member of the RAG-Stiftung. In addition, he still is a member of the Board of Directors of RAG Aktiengesellschaft and RAG Deutsche Steinkohle AG, and since July 2013 Chairman of the Board of Vivawest GmbH.

SIGNA Prime SelectionReal Estate Portfolio

SIGNA Prime SelectionContact

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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