Berlin’s Tacheles Landmark Ruins for Sale for $269 Million

German real estate investor Anno August Jagdfeld plans to sell Berlin’s Tacheles building, a former department store that was occupied by squatters until last year, according to a sales prospectus obtained by Bloomberg.

Jagdfeld, whose fund-management company owns the landmark Adlon Kempinski Hotel at the Brandenburg Gate, is seeking 200 million euros ($269 million) for the vacant building and the 22,180 square-meter (238,700 square feet) of land that surrounds it, according to the prospectus.