Overview

• Hammer AG and the Heinz Hermann Thiele family foundation have exclusivity with the insolvency administrator and creditor banks, with contracts expected to be signed in the coming weeks.
• Limited works have restarted on site under instructions from the banks and the administrator while negotiations proceed.
• The prospective buyers plan to revive Signa’s retail, dining, office and housing concept, aiming for a construction ramp-up early next year and a provisional opening in 2028.
• Industry estimates put the combined purchase and redevelopment costs at about €400 million, with a purchase price speculated near €180 million.
• The process has drawn criticism from Green politicians over transparency and the lead developer’s role as a CSU city councillor.