In the wake of the bankruptcies of Rene Benko’s seriously ailing Signa conglomerate, the sale process for the shell of the “Lamarr” department store on Vienna’s Mariahilfer Straße shopping street has now begun.
The construction site of the multi-purpose building – like other Signa projects under construction – has been at a standstill for several weeks.
“In the first phase of the bankruptcy proceedings, it was necessary to organize the continued security of the construction site,” said responsible curator Clemens Richter on Wednesday.
“The structured sales process now underway aims to find the best possible buyer and clarify the uncertainties that have existed for months about the future of the ‘Lamarr’ project.”
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
