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SIGNA Group increases equity capital

SIGNA Group

EUR 1.2 billion for future growth

On September 11, 2019, SIGNA Holding GmbH carried out a capital increase of EUR 700 million with its existing shareholders.

In addition, the largest subsidiary, SIGNA Prime Selection AG (“SIGNA Prime”), the leading real estate company of the SIGNA Group, increased its equity capital by an additional EUR 500 million in the middle of September. Since its founding in 2010 with, at that time, six properties in the value of around EUR 750 million, SIGNA Prime has developed into one of Europe’s largest real estate
companies with trophy assets in prime inner city locations in Austria and Germany with a balance sheet total of currently over EUR 15 billion.

The portfolio includes unique objects such as the KaDeWe, the Karstadt Hermannplatz and the Upper West Tower in Berlin, the Goldenes Quartier with the Park Hyatt Hotel, the Kunstforum and the legendary Postsparkasse in Vienna, the Oberpollinger in Munich, the Alsterhaus and the Alsterarkaden in Hamburg as well as the Kaufhaus Tyrol in Innsbruck.

Aside from the main shareholder SIGNA Holding, important strategic shareholders of SIGNA Prime are the RAG Foundation, the two German insurance companies R+V und LVM, the listed investment company of the Peugeot family, the FFP Group, Madison International Realty, Longbow Finance as well as different successful European entrepreneurs and their family offices. The proceeds from the capital increases will be used for future acquisitions and to expand the liquidity reserves of the SIGNA Group.

By the end of 2019, the total assets of the corporation in real estate will  reach EUR 20 billion for the first time and position SIGNA as one Europe’s largest real estate owners.