After René Benko’s Signa Group, the subsidiary of the Austrian Imfarr, which wanted to build a large new building near the Stachus, went bankrupt. The parallels between the two cases are striking.
It’s quiet on the construction site this Tuesday. No construction worker is to be seen. Two cranes that tower high above the deep excavation pit are standing still. It looks like a construction stop, the next construction stop of a large real estate project in the middle of the city, this time on Adolf-Kolping-Straße, right at the back of the Mathäser cinema.