Viennese Lamarr project company also applies for bankruptcy proceedings
Published: Friday, Feb 2nd 2024, 10:20
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The future of what is currently probably Vienna's most prominent shell building is even more uncertain as of today. The project company behind the planned Lamarr department store on Vienna's Mariahilfer Strasse filed for bankruptcy proceedings with the Vienna Commercial Court on Friday, the creditor protection organizations AKV, Creditreform and KSV1870 announced.
Due to the insolvency of Signa's flagship Signa Prime Selection, the financing of the construction completion is no longer secured, it was said. According to the company register ("WirtschaftsCompass"), the insolvent "Mariahilfer Strasse 10-18 Immobilien GmbH" is owned 50 percent each by Signa Prime Capital Invest GmbH and Skyred Holding 9, based in Luxembourg.
Signa Prime Capital Invest, in turn, is a subsidiary of the insolvent Signa Prime Selection AG and Skyred Holding 9 is an indirect subsidiary of the Thai Central Group. The KaDeWe Group, which also belongs to Signa and Central Group, would have been the intended operator of the Lamarr. When asked by APA, KaDeWe did not comment on the department store plans in Vienna for the time being. The two groups are also the owners of the Swiss department store chain Globus.
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