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Imfarr: Another Austrian Real Estate Developer in Insolvency
The Viennese real estate developer Imfarr Beteiligungs GmbH has applied to the Vienna Commercial Court for restructuring proceedings without self-administration. The company's liabilities amount to around 604 million euros. This affects 18 employees and around 110 creditors.
Imfarr Beteiligungs GmbH, founded in 2007, has made a name for itself in recent years with major real estate projects in Germany and Austria. The purchase of the Silberturm in Frankfurt's banking district in 2020 for a reported 630 million euros and the acquisition of the Highlight Towers in Munich in 2021 for around 650 million euros were particularly sensational. However, some of its…
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