Art-Invest has started demolition of a retail property located at Hohe Strasse 52 in Cologne to make room for its retail investment called 52HI. The building being torn down dates back to the 1960’s and will be replaced with modern, four-story scheme. The architect Kuehn Malvezzi is author of the project. The building will offer 3,300 sqm of retail space and will be hosted many (as yet, unnamed) brands. Construction is set to begin in the summer in order to complete the project as scheduled at the end of 2017. The project is expected to cost more than €60m.
