German media is reporting that an iconic building in Berlin that housed squatting artists for two decades has been sold to an investment fund for 150 million euros. The five-storey Tacheles building, which was a magnet for tourists until its closure in 2012, was sold by the German Jagdfeld group to the New York-based Perella Weinberg Partners, reports said. The dilapidated, graffiti-covered building will be renovated and turned into apartments and shops. ...Sunday, 28 September 2014
Berlin Building That Housed Squatting Artists Sold for 150 Million Euros
German media is reporting that an iconic building in Berlin that housed squatting artists for two decades has been sold to an investment fund for 150 million euros. The five-storey Tacheles building, which was a magnet for tourists until its closure in 2012, was sold by the German Jagdfeld group to the New York-based Perella Weinberg Partners, reports said. The dilapidated, graffiti-covered building will be renovated and turned into apartments and shops. ...
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