The dazzling real estate investor Klemens Hallmann wants to lose its 50 percent share in an exclusive property in lower Austria-to-ambitious prices.
It was the vision of two men with great plans: in 2021, Real Estate Speculant Hallmann Ster artist Gottfried Helnwein won on board to acquire the picturesque Baroque castle Castle Riegersburg in Lower Austria. Your goal? An extensive renovation and the creation of a creative center for artists from all over the world. But now it seems to burst between the two gentlemen.
Because Hallmann, whose group of companies clearly experiences stormy times, wants to come from the common prestige project – and at a legendary prize. According to the “Krone” information, the head of Hallmann Holding strives for his share in the listed real estate, which extends to the triple of its original investment.
Is there a dispute between art and capital?
But there is a piquant detail: Helnwein has a right to the first refusal. Means: Before Hallmann can sell his 50 percent participation in another prospect at the operating company, the artist should take three months according to the partnership. But if the scene of the scene does not want to get involved in this expensive deal. Is there now a tangible castle dispute between art and capital?
The fact is: the planned creative oasis in Riegersburg stands for an uncertain future. Before he was acquired by Hallmann and Helnwein, the real estate was offered for sale with 4.9 million euros. In the balance sheet of GMBH, factual investments of more than 5.15 million are currently found. The loss of balance in 2023 amounts to a good 883,000 euros.
A certain rumor has been heard for some time in the Hallmann Group: shortly before Christmas 2024, a daughter of Süba AG, who is located in the all-ownership of Hallmann Holding, the bankruptcy slipped.
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.
