Should it close or stay open? In recent weeks, dark clouds have gathered over the continued existence of the Bank Austria Kunstforum in Vienna. In any case, since Wednesday it has been clear who now owns the building, which also houses the Constitutional Court. A founder of a company from Innviertel struck.
The structured sales process of the property started in September 2024 and the sale will take place to the best bidder. It was agreed not to disclose the purchase price – it was announced on Wednesday afternoon that the building at Renngasse 2 in Vienna had been sold as part of the bankruptcy proceedings of Signa Prime Selection AG.
This is already the second Signa property for Josef Rainer
The address is a real Signafillet: the building houses not only the Bank Austria Kunstforum, but also the Constitutional Court. Who turned out to be the best bidder in the sales process?
According to information from the “Presse”, the new owner is JR Investment GmbH from Strobl. Behind this is the private foundation of Josef Rainer from Braunau, co-founder of the automation specialist B&R in Eggelsberg, who had already secured a building from the Signa empire in 2023. This was the corner house on Kärntner Straße, where the Apple Store is.
In the aftermath of the mega-bankruptcy, more and more Signa properties are finding new owners. The large construction site on Mariahilfer Strasse in Vienna for the originally planned Hedy Lamarr shopping center was secured in October 2024 by the Viennese investor Geogr Stumpf.
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.
