Karstadt München Bahnhofplatz

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The department store before changing name Hertie-Muenchen.jpg
The department store before changing name
Atrium Karstadt Munchen Glaskuppel Rolltreppen.jpg
Atrium

The Karstadt München Bahnhofplatz is a department store of the Karstadt Warenhaus GmbH located in Maxvorstadt, Munich.

Department store Retail establishment; building which offers a wide range of consumer goods

A department store is a retail establishment offering a wide range of consumer goods in different product categories known as "departments". In modern major cities, the department store made a dramatic appearance in the middle of the 19th century, and permanently reshaped shopping habits, and the definition of service and luxury. Similar developments were under way in London, in Paris and in New York.

Karstadt

Karstadt Warenhaus GmbH is a German department store chain whose headquarters are in Essen. Until 30 September 2010 the company was a subsidiary of Arcandor AG and was responsible within the group for the business segment of over-the-counter retail.

Maxvorstadt quarter of Munich, Germany

Maxvorstadt is a central borough of Munich, Bavaria, Germany and forms the Stadtbezirk 3 Maxvorstadt. Since 1992, this borough comprises the former boroughs 5, 6 and 7.

Contents

History

Historical view of the department store that was designed by Max Littmann and Hermann Tietz at the Munich Bahnhofvorplatz 7, postcard from 1909 KarstadtMunchenBahnhofplatzL1050734 (2).jpg
Historical view of the department store that was designed by Max Littmann and Hermann Tietz at the Munich Bahnhofvorplatz 7, postcard from 1909

The traditional, historically protected department store was built between 1904 and 1905 according to designs by the Munich architect Max Littmann for the department store chain Hermann Tietz, [1] opposite the Hauptbahnhof, and opened on 14 March 1905. In the design of the building, Littmann used elements of the German Renaissance, following the historicizing taste of the time. The former department store Tietz is a five-storey hipped roof construction with protrusions, stair towers, gables and dormers. It was built in a skeletal steel construction with reduced historicizing façade structures, partly with muschelkalk. The sculptural façade decoration is by Julius Seidler, Jakob Bradl and Fidel Enderle.

München Hauptbahnhof main railway station in Munich, Germany

München Hauptbahnhof is the main railway station in the city of Munich, Germany. It is one of the three long distance stations in Munich, the others being München Ost and München-Pasing. München Hauptbahnhof sees about 450,000 passengers a day, which puts it on par with other large stations in Germany, such as Hamburg Hauptbahnhof and Frankfurt Hauptbahnhof. It is classified by Deutsche Bahn as a category 1 station, one of 21 in Germany and two in Munich, the other being München Ost. The mainline station is a terminal station with 32 platforms. The subterranean S-Bahn with 2 platforms and U-Bahn stations with 6 platforms are through stations.

Renaissance cultural movement that spanned the period roughly from the 14th to the 17th century

The Renaissance is a period in European history, covering the span between the 14th and 17th centuries and marking the transition from the Middle Ages to modernity. The traditional view focuses more on the early modern aspects of the Renaissance and argues that it was a break from the past, but many historians today focus more on its medieval aspects and argue that it was an extension of the middle ages.

Storey level part of a building that could be used by people

A storey or story is any level part of a building with a floor that could be used by people. The plurals are "storeys" and "stories", respectively.

Already around 1930 the two opposing escalators in the large Lichthof were worked to reflect the city's flair. After damage to the façades as a result of World War II, the building was rebuilt in a simplified manner and then substantially extended. The vast expansion from the year 1971 comes from the renowned architect Fred Angerer. With almost 40,000 square meters of sales space, a 220-meter-long façade along Schützenstraße and an underground car park for 500 cars, the building complex is one of the largest department stores in Germany.

The building belonged to Hertie and was remained as such after the takeover of the company, especially since the Karstadt-Haus Oberpollinger is nearby. After the newly founded company Hertie GmbH (formerly Karstadt Kompakt) revived the name "Hertie" on 1 March 2007, the house belonging to Karstadt Warenhaus GmbH had to be renamed "Karstadt München Bahnhofplatz". The renaming took place step by step until the complete change of name took place on 27 September, 2007. The six-storey building is one of the most coveted large-scale properties in Munich's city center. In 2015, the German-Irish investment company Signature Capital acquired the property in a bidding contest. After a year and a half, it was sold in August 2016 to the real estate company RFR Holding, led by the two German-born property investors Aby Rosen and Michael Fuchs. [2] The market value rose by almost 40 percent. At the beginning of October 2016 it became known that the real estate Signa Holding, founded by René Benko, took part in the extensive department store complex through a 50:50 joint venture. [3]

Aby Rosen American businessman

Aby J. Rosen is a German-born American real estate tycoon living in New York City. He is the co-founder of RFR Holding, which owns a portfolio of 71 properties in United States cities including New York, Miami, and Las Vegas; and Tel Aviv, Israel. Highlights include the Seagram Building, Lever House, W South Beach, The Jaffa, a Luxury Collection Hotel, Tel Aviv, Gramercy Park Hotel, Paramount Hotel, and Miracle Mile Shops at Planet Hollywood Resort & Casino, among other properties. Rosen is also a member of, a founding investor in, and the landlord to the Core Club in New York.

Signa Holding GmbH is Austria’s largest privately owned real estate company. Signa was founded in 2000 by the Tyrolean entrepreneur René Benko. Over the years, the two-man company with an initial focus on classic real estate development has become a pan-European real estate group with more than 150 employees and offices in Vienna, Innsbruck, Munich, Düsseldorf, Luxembourg, Zurich, Bolzano, Berlin and Hamburg. The principal focus of the Signa Group of Companies is the long-term investment in real estate in prime city centre locations. Additionally Signa became the biggest owner of malls in Mid Europe with over 20.000 employees.

René Benko Businessman; CEO and Chairman of Signa Holding

René Benko is an Austrian real estate, media and retail trade investor and founder of SIGNA Holding GmbH. SIGNA is considered Austria’s largest privately held real estate conglomerate. With an estimated wealth of US$3.8 billion, he is currently one of the ten richest Austrians. In 2019 Forbes classified René Benko as the third richest Austrian and number 365 in the world.

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Arcandor AG was a holding company located in Essen, Germany, that oversaw a number of companies operating in the businesses of mail order and internet shopping, department stores and tourism services. It was formed in 1999 by the merger of Karstadt Warenhaus AG, founded in 1920, with Quelle AG, founded in 1927. In 2005, the corporation had about 68,000 employees and annual sales of €15.5 billion. Its stocks were traded on the Mid Cap DAX until September 2009. The company's largest store was Kaufhaus des Westens (KaDeWe) in Berlin, and the largest store operated by Karstadt was in Frankfurt.

Galeria Kaufhof trademark

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References

  1. ↑ Karl Stankiewitz (19 October 2016). "Karstadt am Bahnhof: Warenhaus im Wandel" (in German). Abendzeitung. Retrieved 18 August 2017.
  2. ↑ Christian Krügel (18 August 2016). "250 Millionen Euro: Investoren verkaufen Karstadt-Gebäude" (in German). Süddeutsche Zeitung. Retrieved 18 August 2017.
  3. ↑ "Benkos Signa-Gruppe hat milliardenschwere Projekte" (in German). ORF. 4 October 2016. Retrieved 18 August 2017.

Coordinates: 48°08′26″N11°33′43″E / 48.14056°N 11.56194°E / 48.14056; 11.56194

Geographic coordinate system Coordinate system

A geographic coordinate system is a coordinate system that enables every location on Earth to be specified by a set of numbers, letters or symbols. The coordinates are often chosen such that one of the numbers represents a vertical position and two or three of the numbers represent a horizontal position; alternatively, a geographic position may be expressed in a combined three-dimensional Cartesian vector. A common choice of coordinates is latitude, longitude and elevation. To specify a location on a plane requires a map projection.


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