Into bankruptcy proceedingsthe Signa Prime Selection, The most important company in the collapsed real estate group is moving. By Mega procedure To date, 12.34 billion euros of claims have been registered, of which around 6.78 billion euros have been disputed. But trustee Norbert Abel was already able to generate income from so-called disputes.
“The total proceeds of the out-of-court payments amount to around 65.286 million euros,” says the third report from the liquidator, which is available to KURIER. “A further part of claims amounting to 199.71 million euros was made through 28 The complaint asserted in court at the Vienna Commercial Court. Five of these cases have now been settled through payment.”
A further six proceedings are “in the process of implementing a comparative agreement”. “There will also be incoming payments from these,” it continues. The liquidator also pursues extensive recovery and liability claims.
“In the course of this, comprehensive letters of request regarding individual liability claims have already been sent to the respective opponents,” it continues. Based on an expert report, the liquidator assumes that Signa Prime should have posted an operating loss of around one billion euros as early as 2023.
Abel is suing the former Signa Prime board member Timo Herzberg for 6.65 million euros and the board member Manuel Pirolt for 3.94 million euros. Any payments were declined. He is demanding 16.52 million euros from Kühne Immobilia Austria, 24 million euros from a Hamburg Commercial Bank and around 22.8 million euros from the Republic of Austria (tax office for large companies). The Vienna Commercial Court has consolidated several proceedings for procedural economic reasons in order to provide an expert opinion.
Two investors
Meanwhile, the liquidator is still in the process of selling investments and real estate in Germany and Austria. The Park Hyatt am Hof hotel in Vienna is expected to be sold by the end of the first quarter of 2026. Since the operating company was bought out of the insolvent estate of Herkules Holding, “the property can be taken over in combination with the existing hotel operator”.
According to reports, there are two interested parties: a Croatian and the Innviertel investor Josef Rainer. The latter has already bought the house at Kärntner Straße 11 and the art forum on Freyung von der Signa.