After it became known that, in the wake of the Signa bankruptcy surrounding founder René Benko, the Tyrolean department store in Innsbruck’s best location, along with other luxury assets, was for sale, Mayor Georg Willi (Greens) sees an imminent buyer on the lurk. horizon.
It will certainly take “a few weeks”, but he assumes there will be “great interest”, Willi told the APA news agency. The city boss expected that an “internationally renowned investment bank” would go on strike.
But Willi emphasized that he currently has no indication of a specific potential buyer. An investment bank that ‘knows what it is doing’, ‘has a lot of experience in the real estate sector’ and already carries out annual appraisals on properties such as the Kaufhaus Tyrol, would be an obvious choice for him.
“All jobs are safe”
In any case, Willi was not concerned about the department store on Maria-Thérèsien-Strasse in Innsbruck, in the center of the capital. Given the ‘premium location’ and the very high value, a new buyer will probably not be difficult to find and they will have only one interest: ‘That the store continues to run well.’ In any case, the courts are ‘all safe’. ”, it was revealed that the city boss was confident and emphasized that he would be kept informed.
Round table required
Willi could not accept the fact that one of his competitors for the mayoral seat in the municipal elections in April, frontman of ‘das Neue Innsbruck’ and ÖVP State Secretary Florian Tursky, called for a ’round table’ and a ‘Tyrolean solution’. on Tuesday. “This phrase ‘a Tyrolean solution’. There’s no point in dreaming about it.”
Willi also had little use for Tursky’s statement that the department store in Tyrol should not become a “toy for international investment funds”. A good buyer will be found and the contract should be awarded to ‘the one who offers the best price.’ In any case, it is ‘not the job of the city or state’ to act as a buyer and pump in tax money: “The market does and regulates that.”
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
