The bidding process for the Karstadt building in Bottrop has ended: what happens next? Financial expert explains.

The bidding process for the Karstadt building in Bottrop has ended: what happens next? Financial expert explains.

According to a report by www.waz.de,

The bidding process for the Karstadt building in Bottrop has been completed and the insolvency administrator is providing insights into the further course of the process.

15 non-binding offers have been submitted for the Karstadt building in Bottrop, and the possible takeover of the building by local investors is of great interest to the city.

Experts estimate that the value of the building is around 35 million euros.

However, it remains unclear whether one of the bidders will win the contract. The decision depends on future negotiations and the terms of the sale.

The possible takeover of the building by local investors could have a positive impact on the real estate market in Bottrop as it could increase interest and investment in the region.

However, the final outcome will largely depend on the further development of the sales process.

The city of Bottrop was prepared to pay 35 million euros for the Karstadt building and plans to hand it over to local hands. Should the sale be made to local investors, this could have a significant impact on the real estate market in the region.

It therefore remains to be seen how the negotiations and the further course of the sales process will develop in order to be able to better assess the exact impact on the real estate market and the local economy.