Owner
Owner George Stumpf sold the Millennium Tower in Vienna on 25 Juli 2003 along with the associated Millennium City to the Hamburg-based issuing house MPC (Münchmeyer Capital). The purchase price was 360 million euros, which is close to 15-times the annual income of 24.5 million euro (2002) corresponds to the Millennium City, which is next to the offices in the Tower and form a shopping center, residential buildings and the largest cinema complex in Austria. Taking into account the building costs of 145 million Euros, there is a profit of 215 million euros.
Read more about this topic: Millennium Tower (Vienna)
Famous quotes containing the word owner:
“When someone borrows an animal from another and it is injured or dies, the owner not being present, full restitution shall be made. If the owner was present, there shall be no restitution; if it was hired, only the hiring fee is due.”
—Bible: Hebrew, Exodus 22:14,15.
“The only thing that was dispensed free to the old New Bedford whalemen was a Bible. A well-known owner of one of that city’s whaling fleets once described the Bible as the best cheap investment a shipowner could make.”
—For the State of Massachusetts, U.S. public relief program (1935-1943)
“In England and America a beard usually means that its owner would rather be considered venerable than virile; on the continent of Europe it often means that its owner makes a special claim to virility.”
—Rebecca West (1892–1983)