The department store construction company Mariahilfer Straße 10-18 Immobilien GmbH, which is part of the Signa Group and was supposed to build the Lamarr department store on Vienna’s shopping mile, has its first creditors’ meeting or the reporting meeting and the audit meeting, according to the insolvency file. Currently around 340 million euros in claims are said to have been registered. However, it is unclear how much of this will be recognized by insolvency administrator Clemens Richter.
Buyer wanted for shell construction
However, his main task at the moment is to find a buyer for the shell of the luxury department store. The industry assumes that more than 30 bidders are interested in the project. In terms of size, the project will primarily appeal to international investors, it is said. The first purchase offers might still be available in the first half of the year.
The insolvent company is owned 50 percent each by Signa Prime Capital Invest GmbH – a subsidiary of the also insolvent Signa Prime Selection – and Skyred Holding 9, based in Luxembourg, a subsidiary of the Thai Central Group, which also has an interest in other Signa luxury properties and runs department stores, restaurants and hotels himself.
