Berlin: Trockland foregoes land purchases near Checkpoint Charlie
Berlin-based developer Trockland will not be buying the two controversial lots near Checkpoint Charlie in Berlin. The deadline for the purchase option passed on 31 January. The company decided “not to exercise the option due to uncertainty about the senate’s plans,” a Trockland spokesperson confirmed statements by Trockland Managing Director Yeheskel Nathaniel in a conversation with the “Berliner Morgenpost”. However, that does not change their intention to build. “We hold the mortgages, nothing happens here without us,” Nathaniel is quoted. Meanwhile insolvency proceedings for the plots are going on. Original plans for the sites on either side of Friedrichstraße included a Hard-Rock Hotel, apartments and a Cold War Museum. The senate now favors other plans, but nobody really knows what they are at the moment. Trockland had obtained the mortgages of about €90mn in 2015 and had itself registered as the owner.
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