Wednesday, 23 May 2018

Karstadt to expand further: Second new Berlin department store to open in the Gropius Passagen

In autumn 2018, Karstadt will open a new department store in the Gropius Passagen in Berlin. For its future store, the department store group has signed a long-term lease with the capital’s biggest shopping centre, which, as part of a joint venture with TH Real Estate, belongs to the portfolio of Unibail-Rodamco Germany and is also run by the company itself. Karstadt will, to all intents and purposes, be moving into the space that, until the summer of last year, was occupied by Galeria Kaufhof. This means that, together with another newly planned store in Berlin’s Tegel district, two new Karstadt stores will be opening this year in Berlin.