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C/O Berlin: No realistic chance for prolongation

Following the huge public response to the termination of 31 March 2011 has made the new owner of Postfuhramt, Mr Sharon Elad Tshuva, C / O Berlin an offer for an extension until 31.12.2011.

The offer provides for a move within the building while reducing the exhibition space, for example the main entrance could no longer be used. C / O Berlin has examined this possibility carefully. The costs, including revenue loss during the renovation and relocation phase will amount to up to 600,000 €. Given the remaining usage period of approximately seven months to the end of 2011 this is for C / O Berlin, unfortunately not a realistic option.

C / O Berlin will still negotiate an extension of the lease 31st December 2011 in the existing areas and hopes for the cooperation of the owner.

We will keep you informed of the progress of the talks.