Bremen's city center's former Horten building has been purchased by Brestadt GmbH.
In a significant move for the city of Bremen, BremenInvest has acquired the former Horten building, now Galeria Kaufhof, in the heart of the city centre. This acquisition, which took place on November 20, opens a historic opportunity for implementing innovative mixes of uses in the central area.
Located centrally, the property is adjacent to the Parkhaus project, Hanseatenhof, Knochenhauerstraße, and Lloydpassage. This strategic positioning makes it a prime location for transforming the area into a future-proof hotspot for living, working, and economy, as well as a vibrant place to experience.
The purchase price for the Horten building is approximately 37.2 million euros, according to Branicks Group AG, the current owner. The takeover is set to occur on January 1, 2025.
Urban Development Senator Özlem Ünsal considers the acquisition of the Horten building as one of the most significant urban development projects in Bremen's city centre in the last 50 years. In combination with the Parkhaus Mitte, the Horten building forms a development area of outstanding significance for urban development.
Heinz Riering, the Managing Director of BremenInvest, stated that the purchase offers a historical opportunity to upgrade a prominent site in the heart of Bremen. The goal is to revitalize a large central area of Bremen together with the Parkhaus project.
BremenInvest aims to strengthen its future role as a driver of innovative urban development in Bremen. Key players will be worked with to achieve this goal. Bernd Botzenhardt, the CEO of BremenInvest, emphasized the strategic importance of the acquisition.
Interim uses of the spaces are planned to prevent long-term vacancy of the property. In the coming months, the first steps of the project development will be initiated to achieve a long-term transformation of Bremen's city centre.
Talks will be held with neighboring residents to fully exploit the potential of Bremen's city centre. The project aims to create a city centre that is a future-proof hotspot for living, working, and economy, and a vibrant place to experience.
For the most accurate and recent details on this topic, it is recommended to consult Bremen city official planning documents, local news outlets, or the Bremen city government website.
With the acquisition of the Horten building, previously known as Galeria Kaufhof, BremenInvest has marked a notable milestone in the financing of a significant real-estate venture, setting the stage for investing in the urban transformation of Bremen's city centre. This city location, with its strategic adjacency to various landmarks and projects, presents an exceptional opportunity to revitalize the area as a future-proof hub for living, working, and the economy, while also fostering an invigorating urban experience.
