Signa moved more than €300m to entities controlled by its founder’s family just before the property giant’s collapse.
The Selfridges owner lent €125m to Laura Finance Holding GmbH and another €190m to Laura Holding GmbH, both of which are controlled by the family of its Austrian founder René Benko.
Creditors have been given no explanation of what the transfers were for, and the administrator expects to recover none of the money.
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Including:
A local private investor has snapped up the multi-let office for £6.1m
Agency sees group-wide rises for leasing and capital markets revenue
The refurb is set to deliver 250,000 sq ft of office space at 125 Shaftesbury Avenue
Fund house picks up city site from Nuveen
