The acquisition is part of the asset liquidation process stemming from the bankruptcy proceedings of Signa Prime Selection AG, the real estate arm of entrepreneur René Benko’s Signa Group. The shopping center, once a flagship project under Benko’s leadership, was rebuilt into a modern complex that opened in 2019.
The new owner, KHT AcquiCo SARL, is linked to the Liechtenstein-based Horn Grundbesitz GmbH, an entity associated with the Peek & Cloppenburg retail group. The property will now be managed by Midstad, a European real estate company overseeing around 60 properties across Germany, Belgium, the Netherlands, and Austria. Midstad’s CEO, Kevin Meyer, expressed confidence in the property’s potential, noting its strong tenant structure and the opportunity to adapt the usage mix to future needs.
Midstad is also involved in other significant projects, including the development of the “Midstad Wien Mariahilferstraße” in Vienna, which is slated for completion by 2026. The company aims to revitalize the Kaufhaus Tyrol, ensuring its long-term viability and contribution to the vibrancy of Innsbruck’s city center.
The sale marks a significant shift for the Kaufhaus Tyrol, transitioning from its origins under Signa’s ownership to new management focused on sustainable development and future-oriented retail strategies.
