Christof Stapf, the mass manager of Signa Holding, has now also rejected the American adventure of the Finanzmaroden Core Company-the world-famous Chrysler building. For five million euros. Moreover, buyers have withdrawn more than 50 million bankruptcy claims.
While René Benko is in custody in the Correctional Facility of Vienna-Josefstadt, the mass managers of the Signna group come to the remaining recycling. It is important to meet the creditors in billions of accounts.
Now the Signa holding insolvency manager has divested the Chrysler building, as can be seen in his fourth report to the commercial court. The architecture jewel, Benkos Signa and an American partner in 2019, was used for $ 151 million for five million euros. In addition, the buyers, former partner of Benko, Aby Rosen and Michael Fuchs (RFR), have withdrew more than 50 million euros for bankruptcy claims. According to insiders in real estate, the complex transaction was brought into dry cloths a few weeks ago.
Great words
In 2019, the Chrysler building must still be a symbol of an international expansion policy of the non-transparent Signa Group. Benko managers spoke Volbody about wanting to conquer the American market. But even before the group collapsed at the end of 2023, there were considerable rental problems: a larger part of the listed building was empty, the renovation turned out to be complex. Also because Signa had only acquired the building, but not the reason on which the skyscraper has been standing since the 1930s. The building belongs to the private university Cooper Union. Finally you were in the dispute.
High lease agreement
Cooper Union increased the lease for the real estate of $ 20.1 million in 2018 to $ 32.5 million each for the years 2019 to 2027. In 2028, 41 million should even be owed.
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.
