Thomas Daily

Bert Erik ten Cate

Europe Editor

<div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>The two main subsidiaries of Austrian property company, Signa Prime Selection and Signa Development, are filing for insolvency under own administration, a procedure similar to Chapter 11 in the US.</p></div></div>

Germany

United Kingdom

Finance

Signa Prime Selection and Signa Development Submit Restructuring Plan

Signa’s Two Main Subsidiaries File for Insolvency

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CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

CoStar has introduced a new market-based program recognizing the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction will be singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

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Signa’s Two Main Subsidiaries File for Insolvency

Signa Prime Selection and Signa Development Submit Restructuring Plan

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