Financial expert analyzes demolition of the oldest pharmacy in Berlin-Schlachtensee by real estate company Biddex

Financial expert analyzes demolition of the oldest pharmacy in Berlin-Schlachtensee by real estate company Biddex

According to a report from www.bz-berlin.de, the oldest pharmacy in Berlin-Schlachtensee was demolished after hundreds of residents of the district fought to preserve the wooden house built in 1927. However, the Berlin real estate company Biddex, the investor, decided to demolish the building and resell the property. The State Monuments Office had previously refused to protect the building because it had been significantly changed through renovations. The demolition was carried out despite attempts by the urban development council to contact the Biddex company. The new owner of the property is now planning to build a concrete and glass block. However, it remains unclear whether he will maintain the building permit or implement other plans. The residents of Schlachtensee hope that the town center can be healed with the new building.

These events may have an impact on the real estate market and industry. Demolition of historical buildings such as the old pharmacy can lead to dissatisfaction among residents and citizens. It can give the feeling that the history and culture of a place is not sufficiently protected and respected. This negative sentiment can impact demand for properties in the area and deter potential buyers.

In addition, the demolition of a historic building can also have an impact on real estate prices. The lack of charming, historic buildings in the area may lead potential buyers to choose other locations that have a richer historical heritage. Falling demand can lead to an oversupply of properties and lower prices in the market.

It remains to be seen how the new building will impact the market and the industry. Should the new owner of the property implement alternative plans, this could lead to a recovery in community sentiment and attract potential buyers again. However, it remains to be seen whether planning permission will be granted and how the new building will be perceived in comparison to the historic building.

Overall, this case shows how the demolition of historic buildings can have an impact on the real estate market and industry. It is important that investors and planning authorities consider the historic value of buildings and seek alternative solutions to preserve the history and culture of a community while meeting the needs of the real estate market.