Some of Rene Benko’s choicest trophy assets are hitting the block as insolvency administrators race to pay off creditors of the once high-flying tycoon’s defunct real estate empire.
The sale of Signa Prime’s portfolio could also become a key test for the value of Austrian commercial real estate in a time of global upheaval. The lot includes the Park Hyatt and Goldenes Quartier, both nestled inside of Vienna’s protected historic center, as well as the Kaufhaus Tyrol in Innsbruck, Austria, which became Benko’s first signature projects when it opened in 2010.
