Events for October
M T W T F S S
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2
Add your event FREE

Today


Videos


Polls


Accomodations in Austria


Cosmo and Nanu

Lauterbach

Wohnhaus project - largest residential building in Austria

The constructing firm from Lauterach (Vorarlberg) is investing in a building project in Poland.

An office complex in Warsaw worth 77 million Euros has already been completed and sold. For a price of 40 million Euros, a Hilton hotel will emerge in Warsaw.

The last few months have seen lost of changes in the construction firm Schertler-Alge. The name was changed to "I+R Group", the company acquired new headquarters in Lauterach – a building which cost seven million Euros. It conforms with the highest ecological standards.

The Schertler group, which holds 50 percent of I+R Group, has been active in Poland for eight years already. Poland is defying the global economic crisis with a growth of four percent. Manager Reinhard Schertler said the capital Warsaw is a attractive place to invest – American corporations have been relocating their European offices to the east.

Scherlter is also taking advantage of the favourable hour in Poland and is building together with a Viennese partner under the entity "S+B Group". The "Zebra Tower" in the centre of Warsaw has recently been completed., worth 77 million Euros. That's the biggest project in the firm's history. Since then, the building has already been sold on to an investor.

The next project in Warsaw is already under way: a polish building owner ran out of money during the construction phase. S+B bought the rough building in the heart of the centre and is now building a "Hampton by Hilton" hotel. Hilton wants to offer first-class room for a reasonable price and attract a young audience. The contract is said to be all wrapped up. The investment amounts to 40 million. The hotel should be inaugurated early next year. The managers are confident the occupancy rates and therefore the rent-ability of the 300 rooms is guaranteed.

But it's not just in Poland that millions are being invested. The newest S+B project is planned in Vienna. With its 50 floors the largest residential building in Austria, work on the Danube-Flat should start at the end of 2014. Investments amount to 150 million Euros.

Vienna Times






Tag cloud:
Warsaw  Hilton  percent  Schertler  invest  hotel  completed  residential  largest  reasonable  price  constructing  sold  audience  investment  worth  Poland  Austria  Lauterach  Euros


Latest News

 

MEP caught In Brit papers Fraud Probe Jailed
A corrupt MEP caught by a British newspaper offering to propose amendments to EU laws in exchange for 100,000 euros a year has been given a three-year-jail term.

Vienna Jihad Girls Want To Come Home
The two Austrian teenage girls who became ‘poster girls’ for the jihad in Syria are now desperate to come home after getting completely disillusioned with their new lifestyles.

Viennese Jihad Girl May Have Been Killed
Austrian police say that one of the two attractive young teenage girls who fled the country to go to Syria to fight on the side of Islamic rebels may have been killed.

Teen Dying Of Cancer Killed At Charity Event After Ride In Porsche Goes Wrong
The family of a sick boy who was offered a trip in a high-performance Porsche because he was dying of cancer is suing the charity after the Porsche he was travelling in crashed head-on into oncoming traffic.

Beekeeping is booming in Vienna
People living in Vienna have got a new hobby - beekeeping.

Queen of Englands favourite horses used as lawnmowers in Vienna
Horses from the famous Spanish Riding School are being used to help keep the grass down in city parks in Vienna.

Get an early start on the American Independence Day celebrations at Eton Institute
Get an early start on the American Independence Day celebrations at Eton Institute

Penguin Babies Earn Their Feathers At Zoo
These feathered friends are the latest additions to the penguin enclosure at Vienna's Schoenbrunn Zoo.

Sex On The Underground Station Filmed By Passenger
The fact that there were CCTV cameras in place or the fact that a train packed with passengers had pulled into the station didn't seem to bother this couple caught having sex in public at an underground train station in the Austrian capital Vienna.

Jobless Footballers Join Dole Rangers To Showcase Their Talent
Austria's job centres are entering the big league - by creating a football team to allow jobless footballers to showcase their talent and get work.

 


Rieders Digests


The most popular stories –
last 7 days