New buyer for Hedy Lamarr shopping center: future in view
New buyer for Hedy Lamarr shopping center: future in view
An important step for Mariahilfer Straße has now been announced: Real estate investor Georg Stumpf has acquired the shell construction project of the Hedy Lamarr department store, which is located at Mariahilfer Straße 10–18. This decision comes at a time when the future of the building was uncertain according to the insolvency proceedings of the Signa Holding, an important player in the real estate industry. The plan was originally to open the department store in spring 2025 and thus form the heart of Mariahilfer Straße. However, the construction was stopped by the financial difficulties, which led to an unmistakable gap in Vienna's most important shopping mile.
It was only recently it turned out that Georg Stumpf, who, according to the business magazine Forbes, is the second rich person in Austria, has made the necessary decision to take over the project. The Stumpf Group has already shown its interest in other objects of Signa Holding, including the Hotel Park Hyatt in Vienna and the Tyrol department store in Innsbruck. District politician Markus Reiter is pleased with this development and emphasizes that it is a “good day for Mariahilfer Straße”, since the insolvency administrator reached an agreement with the creditors in just six months.
development of the shell
In discussions with the new owner, Reiter learned that Georg Stumpf is planning to further develop the shopping center in line with the existing building permit. This not only shows the interest in a quick implementation of the project, but also illustrates that the Stumpf group is ready to work closely with the local authorities. The planned trading areas and the publicly accessible area, which is intended for leisure activities without consumption costs, are expected to remain part of the project. This signals the trust of investors in Mariahilfer Straße as an attractive shopping mile.The takeover of the property is called the sound by Stumpf himself. The central location in Mariahilfer Straße, the proximity to the city center and the already established environment were essential factors for the purchase. In an official announcement by the Stumpf Group, it was confirmed that the usage concept will be further developed in the coming months in coordination with the city of Vienna and the district.
economic importance
The revival of the Hedy Lamarr department store is not only a gratifying news for the district leader, but also for the community, which is hoping for a revival of the shopping street from this investment. Construction is expected to play an important role in the district's economy because it will attract both residents and tourists. Reiter is also pleased that the construction work should be carried out in close coordination with the district and the city.
The future of the hedy lamarric department store now seems to be secured thanks to Georg Stumpf's commitment. While the exact details of the new plans still have to be worked out, it remains to be seen what the final design of the project will look like. For more information about the background and developments related to this takeover and other economic topics, visit www.meinbezirk.at .
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