The real estate company Signa buys the landmark of New York


The traditional landmark of New York has been sold, according to insider reports. Real estate investor Rene Benko acquired the historic Chrysler Building for around $ 150 million.

Austrian real estate investor Rene Benko buys the traditional Chrysler Building in New York. Benko & # 39; s investment company Signa will purchase the traditional building together with the American company RFR for around $ 150 million, people familiar with the issue said. The two were equally involved in a joint venture that had concluded a purchase agreement with the owner of the New York monument built in 1930.

Until now, the building was owned by an investment company of the Emirate of Abu Dhabi. This had paid around $ 800 million in 2008 for 90 percent of the building. In the wake of the financial crisis, property prices have collapsed – some have not fully recovered and remain very low.

The purchase is Signa & # 39; s debut on the US real estate market. The company is the majority shareholder of the new joint venture of the German department store chains Karstadt and Kaufhof.