The bancrupt Signa Prime Selection AG of the Austrian investor René Benko receives a mass mortgage. The asset supervisor Attestor Ltd is making 100 million euros obtainable, stated the restructuring supervisor Abel Rechtsanwälte. “This means that the company’s liquidity can be significantly stabilized with the aim of a structured exploitation of the assets,” it continued. It was agreed to not disclose particulars of the mortgage situations. A mass mortgage is a mortgage to take care of enterprise operations and is meant to make sure solvency.

Signa Prime is taken into account probably the most helpful a part of the Signa Group. It had fallen into disaster on account of elevated rates of interest, building prices and power costs. The Prime portfolio contains, amongst others, the nonetheless unfinished Elbtower in Hamburg and the Berlin luxurious division retailer KaDeWe, actual property of the Galeria Karstadt Kaufhof division retailer chain and the constructing of the Austrian Constitutional Court. According to the restructuring administrator, Signa Prime's collectors have registered claims of round 12.8 billion euros.

Since final autumn, varied corporations within the Signa Group based by Benko have filed for chapter, together with himself as a sole proprietor in March. The public prosecutor's workplace in Vienna is investigating preliminary suspicions of fraud, and in Munich they’re investigating potential cash laundering.