Bauwert celebrates groundbreaking ceremony for P&C fashion store in Kassel (DE)

Together with Bertam Hilgen, Lord Mayor of the City of Kassel, Bauwert Investment Group celebrated the groundbreaking ceremony for the Peek & Cloppenburg fashion store on Königsplatz 55 yesterday (August 31, 2010).


The gross retail space of 7,300 m² will be solely used by Peek & Cloppenburg.

With an investment volume of €29 million, the new four-story building will be raised on a 1,600-m² plot directly on Königsplatz, in downtown Kassel.

The gross retail space of 7,300 m² will be solely used by the German high-street apparel chain Peek & Cloppenburg.

"It is a pleasure to us to be able to give a visible starting signal for the new P&C in Kassel through today's groundbreaking ceremony. Following a construction period of just 15 months, this project will not just stimulate Kassel as retail location but also help to upgrade the inner city," emphasized Dr. Jürgen Leibfried, a Partner of Bauwert Investment Group, on occasion of the festivities.

Closely coordinated with the City of Kassel and the authorities for the protection of historic buildings, Bauwert will raise a modern building with costly natural stone cladding and large-scale windows facing Königsplatz. In the process, the historic Henschelhaus dating back to 1921 will be reconstructed in its original appearance, and integrated into the overall project. This design implies that the fashion store will be level with the rooflines of the neighboring houses, and will blend harmoniously into the adjacent structures on Königsplatz.

"It was very important for us during the permit procedure to find an investor who honours the history of Henschelhaus and who will preserve its face for posterity," commented Bertram Hilgen, the city's Lord Mayor.

"The new structure and P&C, an attractive user, will lend new impetus to Königsplatz from which the city and its resident stand to benefit long-term."

"The creation of ambitious new buildings in prime locations and the respectful handling of historic structures while making them available for contemporary use has been our maxim for 27 years. The P&C fashion store here on Königsplatz is testimony to this ongoing effort," Leibfried concluded his key note address.

Source: Business Network Marketing- und Verlagsgesellschaft

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