Overview

• Negotiations between the Berlin Senate, Galeria and Commerz Real have stalled over the property owner’s high financial demands.
• Commerz Real has proposed converting the Alexanderplatz store into a mixed-use space that would include the Zentral- und Landesbibliothek Berlin.
• The owner’s tentative offer to extend Galeria’s lease through August 2026 is contingent on costly construction, fire safety upgrades and defect remediation that Galeria deems unaffordable.
• Economics Senator Franziska Giffey insists any lease extension must secure a long-term retail presence at Alexanderplatz and guarantee job security for Galeria employees.
• Commerz Real is scheduled to deliver a new overall development concept over the summer, with formal discussions set to resume after the Senate break.