http://www.ft.com/intl/cms/s/0/a314e908-0de9-11e5-aa7b-00144feabdc0.html#axzz3caP43U4BGehry-designed office building in Berlin for sale
A Frank Gehry-designed office and apartment building near the Brandenburg Gate, in the heart of Berlin’s government district, is up for sale amid booming demand for office space in the German capital.
The DZ Bank building, a five-storey office block and a nine-storey luxury apartment complex, is being marketed by BNP Paribas Real Estate.
The “upper range” of the building’s valuation is €120m, according to a person familiar with the sale plans.
The complex, completed in 1999, is clad in yellow Italian limestone and faces Pariser Platz, the square in central Berlin where the US Embassy stands. The glass-domed Reichstag building, where the Bundestag meets, is nearby.
The move to put the building up for sale was first reported by Bloomberg. BNP Paribas and DG Anlage, the fund which owns the building, declined to comment.
The Berlin office letting market is booming, according to property broker Jones Lang LaSalle.
The take-up of office space rose by 7 per cent in the first quarter, compared with the first quarter of 2014, while the average rent rose to nearly €14 per square metre per month.
http://www.bloomberg.com/news/artic...illions-spent-on-arts-yielding-tourist-richesBerlin Banking Billions Spent on Arts Yield Tourist Riches
Look out London and Paris, Berlin is gunning for your high-brow tourists. Berlin is spending billions of euros to renovate old museums, build new ones and snatch celebrity talent in a bid to upgrade the city’s cultural lineup and satisfy visitors flooding the German capital.
“Berlin lives from tourism, and tourists come here largely for culture,” said Hermann Parzinger, president of the Prussian Cultural Heritage Foundation, which manages most of the city’s museums. “Today, London is more dynamic but Berlin has more potential.”
Projects under way include a complete renovation of one of the city’s three opera houses and a new museum of modern art. The former royal palace is being rebuilt and will house exhibits run by Neil MacGregor, the current British Museum director and media host lured away by the city this year.
There’s a lot at stake because in the absence of major industries -- Berlin lost Deutsche Bank AG and Siemens AG after World War II -- tourism is one of the city’s biggest businesses.
The German capital attracted 12 million visitors in 2014 who spent 10 billion euros ($11.3 billion), contributing a full 8 percent of economic activity, according to Berlin government data. The city says those coming for the museums, performances of the Berlin Philharmonic conducted by Simon Rattle and other cultural activities spend more than any group.
I was searching but haven't been able to find any pre-war images of this site -- does anyone have access to any?
Pics, ©SSC-User allaboutmusical
(Fotos sind von mir)