Signa Prime curator Norbert Abel has found a buyer for the historic building, which stretches from Freyung to Renngasse.
The new owner of the building, which houses both the Constitutional Court and, until the end of 2024, the Bank Austria Art Forum, is JR Investment GmbH, a company owned by the private foundation of Upper Austrian industrialist Josef Rainer.
“The property will be sold as part of a share transaction through the sale of 100 percent of the shares of Renngasse 2 Beta KG and 90 percent of Renngasse 2 Immobilien KG,” said curator Abel. It was agreed not to disclose the purchase price, which was also confirmed to the “Krone” on Wednesday.
The building at Renngasse 2 would originally have been worth 160 million euros in Signa’s books. Most recently there was talk of a market value of around 100 million euros. The building would have a lien of up to 120 million euros.
Second Signa building acquired
The sale of the building on Renngasse was apparently preceded by a structured bidding process. The bidding period expired in December and the completion of the sale was announced for early 2025.
Bank Austria announced the upcoming closure of the art forum in December, as activities would not be possible without Signa Prime’s sponsorship.
JR Investment acquired the corner building on Kärntner Straße, where the Apple Store is located, from Signa in 2023 for 95 million euros.
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.
