After Signa bankruptcies

Start of sale of “Lamarr” department store shell in Vienna

The shell of the "Lamarr" department store in Vienna(Bild: Klemens Groh Krone KREATIV)

Following the bankruptcies of Rene Benko's struggling Signa conglomerate, the sales process for the shell of the "Lamarr" department store on Vienna's Mariahilfer Strasse shopping street has now begun.

Like other Signa projects under construction, the construction site of the multi-purpose building has been at a standstill for several weeks.

"In the first phase of the insolvency proceedings, the aim was to organize the continued safeguarding of the construction site," explained the responsible insolvency administrator Clemens Richter on Wednesday.

"The structured sales process that has now been initiated is intended to find the best possible buyer and clarify the uncertainties that have existed for months regarding the future of the Lamarr project."