The restructuring of the trust and re-appointment of the supervisory bodies at Signa Prime and Signa Development are eagerly anticipated by shareholders. Wolfgang Hesson, Michael Mitterdorfer, and Sebastian Schäfer have been recommended as candidates for the two boards.

Extraordinary assemblies will be held in both companies to discuss these important issues. The expansion of the supervisory board is recommended by Alfred Guzenbauer, with proposed candidates including real estate experts Christoph Schäfer and Michael Mitterdorfer, as well as entrepreneurs Karin Exner-Werer and Claudia Badstammer.

In addition to this, Christoph Stadlhuber is to be replaced as Chairman of the Supervisory Board with immediate effect for both Signa Prime and Signa Development. Six new supervisors are expected to join Signa Prime’s board, including Sebastian Schäfer. Signa Holding is the single largest shareholder of Signa Prime.

There is strong interest in buying the housing of the planned luxury department store Signa Lamarr in Vienna’s Mariahilfer Strasse, with 30 bidders reportedly interested. Claims worth 340 million euros were submitted in the bankruptcy proceedings, but only 174 million euros have been recognized so far.

By Samantha Johnson

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