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The New Headquarters - Volksbank AG

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1960s to the 1990s<br />

<strong>The</strong> ground-breaking for the new building at Peregringasse<br />

3 was held on 19 June 1961. <strong>Volksbank</strong><br />

rented further office space (two floors) at Peregringasse<br />

1 in 1962. More space was still required<br />

because the new building was not yet finished. Relocation<br />

took place on 14 September 1963, after<br />

close of business. Business operations in the new<br />

premises commenced on 16 September 1963.<br />

<strong>Volksbank</strong> had 241 employees at the end of 1971:<br />

Once again, there was a lack of space. For this reason,<br />

the property at Liechtensteinstraße 4/Kolingasse<br />

14 was purchased. Despite this, no vacant offices<br />

were available, so another two floors of Peregringasse<br />

2 were rented. However, as there were<br />

no suitable premises to accommodate the IT equipment<br />

following the creation of the data centre,<br />

premises in 1010 Vienna, Am Hof 11, were also<br />

rented.<br />

In the mid-1960s, a business downturn began.<br />

Whilst there had previously been a good infrastructure,<br />

according to former residents, one business<br />

after another had disappeared. Until the 1960s/70s,<br />

in the basements of the four houses were a general<br />

store, a central hub for information of all kinds, a<br />

bakery, a dairy store that also sold wine, a sweet<br />

shop, a pet shop and a hairdresser's. Just down the<br />

road, a second-generation Bohemian family ran a<br />

greengrocery (Kolingasse 9). After it closed, the<br />

printers located in the same house took on the<br />

business premises. A well-organised general store<br />

(Kolingasse 11), which also did home deliveries,<br />

supplied the neighbourhood with everyday essentials.<br />

Furthermore, keeping up the textile business,<br />

there was Wilhelm Kaiser’s wallpaper shop (Kolingasse<br />

19) and the music publisher Klimek (Kolingasse<br />

17), which remains to this day.<br />

From 1975 to 1986, the house at Liechtenstein-<br />

straße 4/Kolingasse 14 was completely demol-<br />

ished apart from the two frontages, and the property<br />

was rebuilt (7 main storeys and 2 attic storeys).<br />

All four houses underwent loft conversions be-<br />

tween 1975 and 1986. Further conversions were<br />

carried out between 1985 and 1990. Whereas the<br />

houses were originally used for residential purposes,<br />

their function increasingly changed towards<br />

office use. t<br />

HISTORY<br />

[26] Vienna porcelain factory<br />

[27] Cartwright Jacob Lohner<br />

[28] Building before<br />

reconstruction<br />

THE NEW HEADQUARTERS 15<br />

[26]<br />

[27]<br />

[28]

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