Nebotičnik (pronounced ; English: the Skyscraper) is a prominent high-rise located in the centre of Ljubljana, Slovenia, and is one of the city's most recognisable landmarks. Its thirteen storeys rise to a height of 70.35 m (231 ft). It was designed by the Slovenian architect Vladimir Šubic for the Pension Institute, the building's investor. Construction began on 19 April 1931 and the building opened on 21 February 1933. It was, upon completion, the tallest building in the Kingdom of Yugoslavia, and the ninth-tallest high-rise in Europe. It was and would remain for some time the tallest residential building in Europe. Predominantly a place of business, the Nebotičnik skyscraper is home to a variety of shops on the ground floor and first story, and various offices are located on floors two to five. The sixth to ninth floors are private residences. Located on the top three floors are a café, bar and observation deck. The café reopened in July 2010, while the bar and a new restaurant opened on 2 September 2010. Floors nine to thirteen were sold in auction on 12 June 2007 by the Pension Fund Management (KAD) for €2,120,000 to Australian company Terra Australis. The company hoped to restore the Nebotičnik skyscraper to its former glory.