Leipziger platz

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Groundbreaking in Spring!!!!!!!!!!!!!!!

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In the former Wertheim department store on Leipziger Platz site will lead to one of Berlin's largest shopping centers - perhaps with even more stores than in the Potsdamer Platz Arcades or "Alexa" Center on Alexanderplatz. The plan apparently the new owner of 22 0000 square meter wide area on the northeast corner of the square. As was experienced in real estate circles, the project developer in Berlin, Harald G. Huth assumed the top position of the financially ailing Orco Property Group. Huth's "High Gain Investment House Ltd. (HGI) - German for" highly profitable real estate investment "- would soon begin the project, they say. Thus one of the last large vacant lots in Berlin would be closed.
The change in ownership of Orco to HGI was notarised according RBB evening news on Friday. The internationally active Orco Group had acquired the complex in 2006 for 75 million euros from the heirs of the Wertheim department store family, was in the wake of the financial crisis, but economically a limping gait. In September Orco had separated from the monument, is located on Cumberland Kurfürstendamm. Since
There was speculation that the group must make its last and largest project at Leipziger Platz in Berlin to make money.

The new owner of the Wertheim area, Harald G. Huth, has already developed in Berlin Neukölln Gropiuspassagen and the "castle" in Steglitz. His company HGI is usually not the investor, but realized the projects for investors. Leipziger Platz Huth had a banking consortium in the back, they say. Huth itself could not be reached on Sunday to.

The development plan for the Wertheim's area was only nine days ago decided by the House of Representatives. It provides a mix of shopping, restaurants, offices and apartments. Regarding the design of the Senate had been issued in 2007 urban design competition in which prevailed the architectural firm Kleihues Kleihues. At the draft, which is based on the Wertheim department store of 1896-97, the new owners have to keep a large extent. After the new building is a stone-columned facade replaced towards the Leipziger Platz and arcades on the Leipziger Strasse. Besides offices are to be built 200 apartments and large parking areas. Estimated total cost: 450 million euros



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