When construction companies, brokers and financiers meet in Munich for the Expo Real trade fair from Wednesday, it will suddenly be about construction stops and bankruptcies. The mood between the industry and the federal government could also be better.
What is happening on Fürther Strasse in Nuremberg should be a departure. And in the literal sense. Huge excavators tore whole pieces out of the concrete ceilings of the old Quelle shipping center, sawing and chiselling took place inside, and new mats were made for the reinforced concrete outside. Where the young Federal Republic’s consumer dreams were once packed in shipping boxes, more than 1,000 apartments were to be built, as well as spacious offices, shops, restaurants, a daycare center, perhaps a hotel. The creators of the Düsseldorf real estate developer proudly showed off their project last year. The first construction phase should be completed in 2024, and the entire huge complex in 2028.