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Exclusive Elbtower Negotiations Extended as Financing Challenges Persist

Talks between insolvency administrator Torsten Martini and investor Dieter Becken continue, with Hamburg considering the Leibniz museum as a potential anchor tenant.

Das ist der Stand der Dinge und des Elbtowers: Seit Oktober 2023 wird am östlichen Ende der Hafencity nicht mehr gebaut
Fast 100 Meter hoch ist der „Stummel“ an den Elbbrücken.
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Overview

  • Insolvency administrator Torsten Martini has extended exclusive negotiations with Dieter Becken's Becken Development GmbH for the purchase and revival of the Elbtower project.
  • The extension aims to provide more time to address unresolved issues, including securing equity and meeting pre-leasing requirements for the halted construction.
  • Hamburg is evaluating relocating the Leibniz natural history museum into the Elbtower to help meet the necessary pre-leasing threshold for the project to proceed.
  • Construction on the 245-meter, 60+-story skyscraper, designed by British architect David Chipperfield, has been stalled since October 2023 due to unpaid invoices and the insolvency of the original developer, Signa Prime Selection AG.
  • The Elbtower, envisioned as Germany's third tallest building, remains at a standstill as no firm financing commitments have been secured despite the extended negotiations.