Overview
- The store will stay open for several more months, though officials have not specified the length of the extension.
- Commerz Real signaled willingness to prolong the Galeria usage agreement beyond 2026, averting immediate layoffs tied to notice periods.
- The Senate said the offer for the Zentral- und Landesbibliothek to move into the site is not acceptable in its present form.
- Both sides agreed to intensify negotiations and aim to conclude them by summer 2026, with the existing lease running until August 31, 2026.
- Commerz Real favors a mixed-use concept that includes a downsized Galeria alongside the library and would pursue a multi-tenant redevelopment if the library plan falls through.