Future of the Galeria department stores: Who saves Berlin's shopping dreams?

Future of the Galeria department stores: Who saves Berlin's shopping dreams?

The future of the Galeria department stores in Berlin is on the brink! After the bankruptcy of the Signa Group, which resulted in the closure of several branches, the branch on Alexanderplatz is now also affected. The Austrian company recently sold its location, including the high-rise project to the Commerzbank subsidiary Commerz Real. This expected that the company's operation will continue under the new owner. This sale is another sign of the uncertainty that floats about the department stores, such as berlin-live.de

new purchase and possible plans

At the same time, there are vertebrae around the branch on Kurfürstendamm, which should be preserved despite the uncertainties. As a result of the bankruptcy, the Berlin Senate is planning a pre -purchase law regulation for the property on which the department store is located. This could mean that the state of Berlin may be considered as a buyer if the property is sold. The Charlottenburg District Court has already announced the opening of a main insolvency procedure for the project company, which indicates that the sale is imminent, like rbb24.de determined.

The planned high -rise projects from Signa were controversial in the past, and it remains unclear whether the city of Berlin is appointed buyer in view of the austerity measures. If the Senate strives for the deal, the country could have the opportunity to actively participate in the future of the department store and the surrounding property development.