Tauentzienstraße 21-24, 10789 Berlin | 1907 | 60,000 m²
Iconic luxury department store in Berlin’s Wittenbergplatz, attracting 8 million visitors yearly. Continuously reinvented, offering fashion, gourmet food, and premium experiences.
Chronicles of this site
Adolf Jandorf commissioned the architect Johann Emil Schaudt in 1907, who designed a neoclassical building with around 24,000 square meters of retail space. Over time, the building was renovated, rebuilt, and expanded. In the 1990s Karstadt AG (later Arcandor) took over the store and turned it into a luxury flagship of its department store chain but filed for bankruptcy after a slump in sales in 2009. In January 2016, the most extensive renovation plans for KaDeWe to this date were presented, designed by Rem Koolhaas‘ Dutch architectural firm OMA. The entire renovation – which took place while the store remained open for business – cost €300 million and was completed in November 2022.
The SIGNA-Deal
KaDeWe, Alsterhaus in Hamburg, and Oberpollinger in Munich were sold as a bundle to the Signa Holding as part of the Karstadt Premium Group in 2013. However, starting in 2014, these three luxury stores separated from Karstadt. In June 2015 Signa sold its majority stake (50.1%) to the Italian department store chain La Rinascente, part of the Thai Central Group. After Signa filed for bankruptcy in the beginning of 2024, the Central Group stated in April that they would acquire the Berlin department store for €1.2 billion. Among experts they were also considered as a candidate for the complete takeover of the KaDeWe Group.
Why should you own this piece?
Continuously reinventing itself, KaDeWe is one of the most important retail properties with iconic status in a prime location in Berlin. Attracting over 8 Mio international and local customers yearly and holding a diverse range of luxury fashion brands, gourmet food, and fine wines, it is an attractive proposition for investors seeking an object widely known. Ranging from historical nostalgia, interest in shopping to the use as film location, the object has multiple entry points into the public discourse. Being rediscovered now as one object among Signa’s portfolio, a continuous interest is guaranteed.
*By owning this NFT, you are entitled to 0.000001% of the associated property. This NFT does not represent legal ownership of real estate or securities, but rather a digital collectible tied to the project’s vision.