Major UMB project

Europe’s tallest wooden tower to rise in Vienna

The Timber Marina Tower is set to become the tallest timber tower in Europe.(Bild: Lonoma GmbH)

Despite this year's loss, UBM plans to build apartments worth one billion euros by 2027.

UBM is one of the longest-established stock corporations in the construction industry. The fact that it has slipped into the red for once this year does not change the high-flying UBM plans. CEO Thomas Winkler: "Yes, we are sticking to our plan to build the tallest wooden tower in Europe on Vienna's Handelskai. It will be 114 meters high."