Sankt Martin Investors Unite to Sue Excelion in Austria
Most of the San Martin investors have hired lawyers in Israel and Austria, and are suing the Excelion subsidiary
After 7 years of promises and attempts at deception and smearing, apartment buyers in the Sonnenbichl project in San Martin, in the Austrian Alps, are organizing and suing the company Sankt Martin Invest GmbH, owning by Nemirovsky and Gruzmans. For a year and a half Excelion attempted to work on the investors and offered all kinds of "proposals to save the project", but failed here as well. Given the fact that the buyers have warning notes in hand, their road to the money should not be too long.Excelion's debt to the apartment buyers in Sankt Martin is estimated at about 4 million euros.
