Stock Photo - 29 November 2023, Hamburg: View of the construction site of the Elbtower at the Elbbrücken in HafenCity. Signa Holding GmbH, owned by Austrian real estate and retail entrepreneur Benko, has announced insolvency proceedings. The group owns numerous commercial properties in Germany and Austria as well as the department store group Galeria Karstadt Kaufhof, which has already been through two insolvency proceedings. In Hamburg, Signa is building the 245-meter-high Elbtower. The project is currently at a standstill. Photo: Marcus Brandt/dpa. - Hamburg/Hamburg/Germany

Stock Photo: 29 November 2023, Hamburg: View of the construction site of the Elbtower at the Elbbrücken in HafenCity. Signa Holding GmbH.

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