Chrysler Building Returns to U.S. Ownership Following Signa Group's Bankruptcy

The iconic Art Deco skyscraper was sold to existing stakeholders Aby Rosen and Michael Fuchs as part of the Austrian firm's insolvency proceedings.

The Signa Group, led by Austrian businessman René Benko, sold its stake in New York's Chrysler Building for €5 million as part of its bankruptcy process.
The new owners, Aby Rosen and Michael Fuchs of RFR Holding, were already partial stakeholders in the landmark building, which they acquired additional shares of in the deal.
The sale also resulted in the withdrawal of a €50 million insolvency claim by the buyers, providing some relief to Signa's financial obligations.
Benko's Signa Group, once a major European real estate player, collapsed in late 2023 under mounting debt, with creditor claims totaling €7.7 billion.
René Benko, currently in custody and facing investigations in Austria, Germany, and Italy, is accused of financial misconduct linked to the collapse of his business empire.