Christoph Stadlhuber, one of Benko’s key managers, recently left Signa Group. He came over from the state-owned Federal Real Estate Company (BIG) in 2011. And had already lobbied for Benkos Signa at a political level.
Signa Holding boss Christoph Stadlhuber, 56, used job platform LinkedIn to look back in sumptuous terms on “the past 13 years as a real estate developer,” which he described as “probably the most exciting” of his professional career to date. “It was a great experience for me,” said the manager of Signa Holding, which went bankrupt under his leadership, “to form a young, motivated team and work together to design one of the most special real estate portfolios in Central Europe.” You are very emotional. “High-quality urban developments with first-class architecture were truly a unique selling point of our projects. Together we have also had a significant and positive impact on Vienna’s cityscape.”
Not a word about the abrupt collapse of a house of cards. Not a single word about the disastrous developments and billion-dollar bankruptcies of recent months, which have left a trail of blood through the sector. Stadlhuber leaves for a new professional horizon and sets up his own company as a real estate advisor. His quirky farewell message on the social media network caused a lot of head shaking, not least among groups of Signa’s creditors from Switzerland to northern Germany.
How Stadlhuber was brought on board
Anyone who wants to understand the Signa system led by René Benko must look back to the beginning of the close collaboration between the Signa founder and his top manager. Until the years 2010 and 2011. One or two ‘unique selling points’ could already be recognized then. Such as that of political proximity.
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.
