The construction project at the former shipyard site in Korneuburg has come to a halt due to Signa Development’s insolvency. Mayor Christian Gepp (ÖVP) stated that the municipality is in contact with the project company, but there is uncertainty about its future.
The project was announced in 2021 and aimed to create an attractive district for living, working, culture, leisure, hotels, and restaurants on a 15-hectare area along the Danube. The total investment volume was estimated at 500 million euros. However, Signa and the municipality were working on an adaptation of the project late summer of the previous year.
Now, the focus is on Hafen Korneuburg Immobilien GmbH & Co KG, a part of Signa Development Group. The community is waiting to see if the project will continue in some form according to Gepp.
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