The Berlin Kulturbrauerei (literally "Culture Brewery") is a 25,000-square-metre (270,000 sq ft) building complex in Berlin , Germany . Originally built and operated as a brewery , its courtyards and unique architecture have been protected as a monument since 1974 and it is one of the few well-preserved examples of industrial architecture in Berlin dating from the end of the 19th century.
15-684: It is supported by the Treuhandliegenschaftsgesellschaft (TLG) and operated commercially as a cultural centre in the Kollwitz neighborhood of the Prenzlauer Berg district ( Borough of Pankow ). It provides cinemas, theatres, clubs and function rooms. It is situated close to the Eberswalder Straße U-Bahn station. Today, regular events, concerts and festivals take place at Kulturbrauerei. Some organisations that settled on
30-479: A publicly traded real estate company that focuses on investing predominantly in the German residential real estate market. The company's total asset value is €32 billion, total equity value is €17 billion and funds from operations (FFO1) guidance for 2020 calendar year is above €500 million. The net profit in 2019 was €1.7 billion. The current global rating is BBB+ by S&P . This credit rating
45-553: A view to making profits for the German federal government. By 2007, having sold 45,000 properties in six years and reinvested 1.5 billion euros, it was still managing 1500 properties worth 1.4 billion euros. The planned privatisation of TLG itself was put on hold in July 2008 because of adverse economic conditions. In January 2020, TLG Immobilien was acquired by the Luxembourg-domiciled property company Aroundtown SA . In July 2008,
60-695: Is a publicly listed real estate company, registered in Luxembourg . It invests in commercial and residential properties in central locations in European cities primarily in Germany and the Netherlands. Aroundtown invests in commercial and residential real estate. The commercial properties are held by Aroundtown, and in addition Aroundtown holds a substantial interest (40%) in Grand City Properties S.A. ("GCP"),
75-400: Is due to the business profile and the conservative financial policy with loan-to-value (LTV) of 34%. Over the last 5 years the company has raised over €20 billion in equity and bonds between 2015–2020, working with global banks such as JPM , BAML , DB , GS , MS , Citibank , UBS , SocGen , Nomura, Santander, Barcleys, CS, HSBC, RBC and others. The majority of the portfolio
90-526: Is included in the MDAX index. The company trades with at ticker "AT1" and has a full market cap of around €10 billion. Aroundtown is managed by the management board, and is led by the Co-CEO Barak Barchen, head of capital markets Oschrie Massachi, Chief Development Officer Klaus Krägel and CFO Eyal Ben David. The chairman of the advisory board is Gerhard Cromme, who served in past positions as
105-733: Is located in the cities of Berlin (25%), Frankfurt , Munich , Cologne , Hamburg , Amsterdam , London and other major European metropolitans. Approximately half of the portfolio is offices, the remaining is primarily hotels and residential (through 40% holdings in Grand City Properties). Aroundtown owns over 170 hotels, mainly in Germany and other major European metropolitans. The company owns hotels such as Hiltons in Berlin/London/Dublin/Edinburgh, Interconti Frankfurt, Sheraton Rome, Marriot Paris, Crown Plaza Berlin and Mercure Munich. The Group's business activity
120-503: The Babelsberg Studios . The Treuhand was responsible for more than just the 8,500 state-owned enterprises. It also took over around 2.4 million hectares of agricultural land and forests, the property of the former Stasi , large parts of the property of the former National People's Army , large-scale public housing property, and the property of the state pharmacy network. On the day of reunification , 3 October 1990, it took over
135-650: The BVVG announced total privatization receipts of 3.5 billion euros since its establishment in 1992, which it had gained through the sale of around 525,000 hectares (1,300,000 acres) of agricultural land, with a similar amount of forest land and a small amount of other land. Total land sales amounted to around half the area of the state of Saxony-Anhalt . At the end of 2007, it still owned over 500,000 hectares (1,200,000 acres) of agricultural land and just under 100,000 hectares (250,000 acres) of forest land. Aroundtown SA Aroundtown SA (former Aroundtown Property Holdings Plc)
150-546: The Treuhand ceased operations in 1994, it still retained much property and some other legal responsibilities. These were transferred to three successor agencies: The BvS ceased operations at the end of 2000, but it remains legally in existence; its remaining tasks are all delegated to other bodies. TLG and BVVG remain the largest real estate owners in the new federal states . In 2000, TLG was reoriented from focussing on privatisation of its assets to "active portfolio management" with
165-593: The early 1990s. Supporters argued that not placing the former state-owned enterprises into private hands would have caused the loss of many more jobs and slowed economic recovery. On 1 April 1991, chairman of the Treuhand Detlev Karsten Rohwedder was shot dead by an unknown assassin (possibly the Red Army Faction ). He was succeeded by Birgit Breuel . When its operations ended in 1994, it had amassed 260 to 270 billion DM in debt. Although
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#1733084965361180-502: The property of the political parties and the mass organisations of the German Democratic Republic . Its operations drew criticism for unnecessarily closing allegedly profitable businesses, misuse and waste of funds and layoffs that were claimed to be unnecessary. It also drew substantial protest from the workforces affected, as 2.5 million employees in state-owned enterprises (out of 4 million in total) were laid off in
195-437: The site of the former brewery complex are: 52°32′20″N 13°24′49″E / 52.53889°N 13.41361°E / 52.53889; 13.41361 This article about a Berlin building or structure is a stub . You can help Misplaced Pages by expanding it . Treuhand The Treuhandanstalt ( German: [ˈtʁɔɪ̯hantˌʔanʃtalt] , " Trust agency"), colloquially referred to as Treuhand ,
210-510: Was an agency established by the government of the German Democratic Republic to reprivatise / privatise East German enterprises, Volkseigene Betriebe (VEBs), prior to German reunification . Created by the Volkskammer on 17 June 1990, it oversaw the restructure and sale of about 8,500 state-owned companies with over four million employees. At that time, it was the world's largest industrial enterprise, controlling everything from steel works to
225-535: Was founded in 2004 by Israeli Yakir Gabay , who is 10% shareholder. The first acquisitions started in the center of Berlin, in neighbourhoods such as Mitte and Charlottenburg . The company's stock was listed on the Euronext Stock Exchange in mid 2015 at a price per share of €3.2 and market cap of €1.5 billion. As of mid 2018, the company is listed on the Frankfurt Prime Standard and
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