Munich as a real “Monopoly”? Billionaire buys next property - right in the heart of the city

You can hardly walk through downtown Munich without stumbling across a house belonging to the Austrian department store mogul.

Now another is added.

• The traditional department store Kaut-Bullinger in Rosenstrasse is sold.

• The buyer is the company of Karstadt Kaufhof boss René Benko.

• Unions are concerned about the long term future of the house.

Munich - If it were a game of Monopoly,

(43) would have a pretty good chance of winning.

Because the Austrian

, whose company empire includes the

, is buying up

bit by bit

.

The latest acquisition: the house of the traditional Munich company

at Rosenstrasse 8!

This was announced by

yesterday.

René Benko owns properties from the main train station to the Viktualienmarkt

This means that the

in

growing

again.

The Austrian investor now owns several pieces in and around the pedestrian zone.

In 2017,

for example

,

and his

acquired

the

.

At the end of 2013,

had already bought

the

in the pedestrian zone

from the Free State

for 240 million euros as part of a 65-year leasehold grant.

The

Innsbruck-born

belongs to him - and

he also has a stake

Italian grocer

.

• René Benko has a hand in this:

• 1. René Benko has owned the Karstadt building at the main train station since 2017.

• 2. The Galeria branch at Stachus was last discussed.

  It should be closed - now the company has been saved for the time being, until 2022. By the way, Benko is not the owner of the space here, but the tenant.

• 3. The property in which Karstadt Sport is currently located belongs to Benkos Signa.

• 4. Likewise the Oberpollinger next door.

• 5. In 2013 Benko bought the Old Academy from the Free State for 240 million euros - with building rights granted for 65 years.

• 6. Benko also runs the Kaufhof on Marienplatz - it is not affected by the store closings.

• 7. The latest achievement: the Kaut-Bullinger-Haus on Rosenstrasse.

Benko

is super rich,

recently estimated his fortune at $ 4.9 billion.

Most recently, however, it has been in the headlines because there are problems at

.

The chain wants to close rows of houses, and the flagship store on

should actually close.

It is only thanks to a rescue plan with considerable rent discounts that operations will continue here - the new agreement will run until 2022.

Munich start-up has declared war on the traffic jam.

The traditional department store KaDeWe in Berlin also belongs to René Benko

Benko

, who started a two-person company in 1999, completed

his first major construction project in

2004 with

in his hometown of

.

Since then, his

has been growing

inexorably - not only

bears his signature more and more.

The

in

and the

in

are also part of his empire.

So now the building at

.

How much money

paid for it, is secret.

The rental space covers a total of 4200 square meters, 3300 of which are used for retail.

: The house is known in

and beyond for its huge range of stationery and office supplies.

Even before the purchase,

Rented rooms here on the third and fourth floors.

According to

,

continue to use the retail space.

The

confirms this on request.

In

circles, however, there is concern about the long-term future of employees.

It is said that “the situation will be closely monitored”.

+

The next object of desire for René Benko: the Kaut-Bullinger-Haus on Rosenstrasse

© Markus Götzfried

Kaut-Bullinger

has been around since 1794. In the meantime, the company also belonged to the “Munich's First Houses” merger, but left the company at the end of 2017.

Wolfgang Fischer, Director of the Association of

showed up yesterday after the sale announcement cautiously optimistic.

He tells

: "We hope that the

house can continue to run despite the house sale."