Giffey maintains optimism for the potential of the Galeria site in Spandau.

The commercial sales industry - Giffey maintains optimism for the potential of the Galeria site in Spandau.

Berlin's Senator for Economics, Franziska Giffey, anticipates making a determination in the near future regarding the retention of Galeria Karstadt Kaufhof's financial hardship store in Spandau. "I have conferred with the owners of the sites on the closure list," she declared following a meeting with representatives from the sector, districts, and several unions about Berlin's retail development. "We're presently working to ascertain if it's possible to bring a location back from the closure list. This should become clearer in the next few days."

Giffey Seeks Decision on Store's Future

Aside from Spandau, the locations in the Ringcenter in Lichtenberg and in Tempelhof are likewise on the closure list. Giffey had previously revealed at the end of April that discussions would continue regarding the preservation of the department store in Spandau. "If that doesn't work, then it's about promptly devising alternative use concepts," Giffey remarked on Monday.

The property owners aim to avoid vacancies and facilitate swift reuse. Giffey expressed great confidence that the owners desire a positive outcome. "Thus, the prospect of procuring the site for us neither from a financial nor a strategic standpoint is not an option." She disclosed conversations with the districts about going to great lengths to satisfy the specifications for other uses if necessary, Giffey said.

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1. Despite challenges, Galeria Karstadt Kaufhof's Spandau store remains a target for potential retail revival in Berlin, as Senator Franziska Giffey remains optimistic about the site's future.
2. In addition to Spandau, discussions about preserving the department store in Lichtenberg's Ringcenter and Tempelhof are ongoing, as identified in the closure list.
3. Giffey has emphasized that she's in discussions with property owners about keeping the Spandau site, as alternative use concepts are being considered if the store's financial situation cannot be improved.
4. With the objective of avoiding vacancies and facilitating swift reuse, GALERIA Kaufhof's Spandau location in Berlin, Germany, holds strategic and financial significance for the property owners.
5. With insolvency as a potential concern, Giffey has issued a statement about engaging with districts to explore alternative uses for the Spandau site if necessary, ensuring the future of both retail trade and consumer goods in the area.

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