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Temporary closure of the Tegel market hall on 6 January 2020

Berlin, 09.12.2019

Due to construction work as part of the HGHI project "Pedestrian zone Gorkistraße", the Tegel market hall in Berlin-Tegel will close for approx. six months from 6 January 2020. The Tegel market hall will then reopen at a new location in the southern part of the area with access from Gorkistraße and Grußdorfstraße.

For the transitional period until the reopening, the Reinickendorf district office in Berlin offered tenants of the Tegel market hall an alternative area in the immediate vicinity of the current location. Harald Gerome Huth, Managing Director and owner of HGHI Holding GmbH, has also assured the Reinickendorf District Office of his financial support in this regard.

However, the demand of the market hall tenants for transitional areas until the new opening was too low. Only three of a total of 25 dealers were interested in an alternative space. From a business point of view, an alternative location with only three dealers will work neither for the operator nor for the dealers, as the operation of an interim market hall involves basic costs. As a result, there will be no replacement location.

In 2016, HGHI acquired the former Tegel-Center and the former Hertie-Haus in the 250-metre-long pedestrian zone of Gorkistraße. Some of these buildings were demolished or extensively modernised and extended. HGHI is rebuilding the approx. 45-year-old pedestrian zone on approx. 80% of all parts of the building. The modernization of the old pedestrian zone Gorkistraße is one of the first refurbishments of a complete pedestrian zone in Germany. By 2021 a modern pedestrian zone with approx. 100 shops on approx. 36,000 sqm retail space, approx. 28,000 sqm office space and approx. 320 parking spaces will be created. The traditional market hall Tegel, which looks back on 100 years of history, will be integrated into the pedestrian zone again.

A great success for the project: more than 80% of all rental space has already been let. In addition to well-known retailers such as P&C, Galeria Karstadt Kaufhof and REWE, the Deutsche Rentenversicherung Bund (German Pension Insurance Association) is also moving into the "Gorkistraße pedestrian zone" as an office tenant on a total of 28,000 square metres. "The Tegel residents can already look forward to a varied mix of fashion, gastronomy, household goods and services," says Harald Gerome Huth.

The future-oriented project development of HGHI contributes to the significant increase in the attractiveness of the entire north of Berlin. The entire Tegel retail location will benefit from the opening.

Thanks to its immediate proximity to the S-Bahn and subway, the shopping street also has an optimal connection to local public transport.

Further information can be found at www.gorkistrasse.de.

© HGHI Holding GmbH
Mendelssohn-Palais
Jägerstraße 49/50 
D-10117 Berlin

Phone: +49 30 804 98 48-0
Fax: +49 30 804 98 48-11

E-Mail: hghi@hghi.de
Web: www.hghi.de