The development of the Elbtower was stopped because of the chapter of Signa Prime Selection AG owned by the Austrian actual property businessman René Benko.
photograph alliance / Jochen Tack | Jochen Tack
- The development website across the Elbtower in Hamburg has been at a standstill for months.
- Elbtower is a subsidiary of René Benko’s bankrupt firm Signa Prime. The insolvency administrator is on the lookout for new cash from new and previous traders.
- SPD Hamburg now not points a choice on the demolition of the Elbtower if no investor will be discovered for the half-finished constructing, “NDR” reviews.
The ruling social gathering in Hamburg, the SPD, is now not in favor of demolishing the Elbtower. SPD parliamentary chief Dirk Kienscherf says: “We have a duty. But it will likely be about utilizing the fabric. The query might come up as as to whether the demolition of the homes is a chance,” NDR quoted Kienscherf as saying.
So Kienscherf is placing strain on current traders to place in extra money. The Senate doesn’t need to construct itself: “The solely essential factor is: We won’t end constructing the Elbtower and we won’t make investments any tax cash. The metropolis is in an excellent place to barter.” A stump ought to by no means stay standing as a reminder of failure.
Construction work on the Elbtower development website in Hafencity has been suspended because the finish of October final yr. Elbtower’s proprietor is a subsidiary of René Benko’s firm, Signa Prime, which is bancrupt. The development firm that was to construct the Elbtower had not but obtained the cash from Benko’s corporations a couple of weeks earlier than October.
The creditor has been searching for contemporary cash from traders previous and new to fund the development for months – thus far to no avail.