| Berlin’s real estate complex at Potsdamer Platz — where five of the city’s broad avenues converge near the Brandenburg Gate — has been bought by a subsidiary of Brookfield Property Partners and the state-owned Korea Investment Corporation in a €1.3bn deal.
In the 1920s and 1930s, Potsdamer Platz was the single busiest intersection in the world, according to Ric Clark, chairman of Brookfield Property Partners, who led the purchase. His company now plans to give the area — which is mainly frequented by tourists — a facelift, in order to attract new tenants for its 2.9m square feet of offices, retail space, apartments and arts facilities...............................................Full Article: Source
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