The company behind the project, known as Mariahilfer Strae 1018 Immobilien GmbH, was responsible for the development and construction of this ambitious undertaking by the Signa Group, as reported by ORF. Signa Prime holds a 50% stake in the company through Prime Capital Invest GmbH, while the remaining half is owned by Thai partners of Signa through Skyred Holding 9 in Luxembourg.
The Lamarr Kaufhaus, named after the Viennese Hollywood icon Hedy Lamarr, was intended to be a grand retail establishment that would house the German KaDeWe Group, another asset shared by Signa and the Thai Central Group. However, KaDeWe Group had already filed for insolvency, although its German department stores are expected to continue operations.
The Lamarr…
Read the full article at: https://www.vindobona.org/article/signa-retail-company-lamarr-declares-bankruptcy