Signa Group in crisis: expert advice for restructuring and cost-cutting measures

Signa Group in crisis: expert advice for restructuring and cost-cutting measures

René Benko's Signa Group is in a financial crisis that has led to bankruptcy filings in Austria and Germany. In order to achieve restructuring, hard savings are being made and preparations are also being made for the immediate cessation of non-essential parts of the business and the disposal of assets. These developments may have an impact on the real estate market, particularly with respect to Signa's real estate portfolio.

Impact on the real estate market

The financial crisis and the planned restructuring of the Signa Group could have an impact on properties owned by the company. It is possible that Signa could be forced to sell some of the properties to create liquidity and pay off debts. This could lead to an increased supply of properties, potentially leading to a drop in prices in the market. On the other hand, investors could use the opportunity to purchase cheap real estate.

Potential consequences for the industry

The Signa situation could also trigger trust issues around real estate investing. Investors could become more cautious when it comes to purchasing properties owned by the group. This could lead to a general reluctance to invest in real estate, which in turn could affect the entire real estate market.

According to a report by www.derstandard.de