Karstadt branch on the Zeil in Frankfurt

The owner Sahle Wohnen wants to demolish the property and is planning a new building without Galeria Karstadt Kaufhof.


(Photo: dpa)

dusseldorf Jan Philipp Sahle makes a clear statement. “We plan without Galeria”, says the co-owner of the real estate company Sahle Wohnen the Handelsblatt. The company wants to demolish its property in the Zeil in Frankfurt, which is still home to the Karstadt today, and build a new one as quickly as possible.

Mixed use with shops, apartments and perhaps a hotel is planned for the new building. “A new Karstadt is not going to enter,” Sahle clarifies. Like his father, Albert Sahle, he believes that department stores are no longer a customer magnet for the city center.

Like Sahle, more and more owners of the Karstadt and Kaufhof locations are losing faith that the department store operator offers them a future. They have already prepared alternative concepts for their properties, which usually only provide for significantly reduced commercial space. And that has fatal consequences for Galeria’s planned renovation.

keep reading now

Get access to this and all other articles in the

Web and in our free app for 4 weeks.

Continue

keep reading now

Get access to this and all other articles in the

Web and in our free app for 4 weeks.

Continue

NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA

By yjawq

Leave a Reply

Your email address will not be published. Required fields are marked *