The Friedrichstraße's prestigious boutique mall, Quartier 205, has just changed owner: the 8 storey building has just been snapped for €275 million up by CEO of Spanish clothing group Zara, Amancio Ortega, working together with the private bank Banif. Previous owner was the US group Tishman-Speyer.

This purchase comes not long after Zara's announcement that it will be opening its largest Berlin store a little further up the Friedrichstraße in the Upper Eastside Berlin complex (currently under construction).

Posted at 9:09 AM in