Kuwait Times

Berlin mulls uses for Goebbels’ abandoned love nest

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WANDLITZ: History weighs heavily on the German property market, no more so than at a sprawling lakeside villa that once served as a love nest for Nazi Propaganda Minister Joseph Goebbels. Berlin has been trying to sell the-in theory-prime slab of real estate north of the German capital for 15 years. But rather than a gem that the cash-strapped city, which is scrambling to pay for a record refugee influx, can liquidate, Berlin has admitted it sees the asset as little more than a millstone around its neck.

Berlin Immobilien­management GmbH (BIM), the city’s wholly owned real estate agency, has in effect given up on the sale and expressed concerns it could fall into “the wrong hands”. “I am really afraid that this could become a shrine for Nazis and I don’t think we should take that risk,” the executive director of the BIM, Birgit Moehring, said. Instead, it hopes to lease the property, whose idyllic setting is nestled in a wood and perched on the small Bogen lake.

The squat, sprawling house was used by the top Nazi as “country retreat” perfect for trysts with a revolving cast of budding actresses and paramours. “It was refuge from the busy city” 40 kilometers to the south, BIM spokesman Christian Breitkreut­z said. Berlin itself bought the land complete with a small cabin in 1936 for Goebbels, Hitler’s nefariousl­y skilled spin doctor, in honor of his 39th birthday. Goebbels was taken with its secluded setting and subsequent­ly had a much larger villa built on the site bankrolled by UFA, the movie production house he ran with an iron fist. The luxury facilities included a private cinema and spacious living quarters overlookin­g the lake.

Attacked by damp cold

Today, the original generous picture windows, rich wood paneling and marble fixtures can still be seen, said Roberto Mueller, who has worked as a guard at the site since 1984. But the house, ravaged by moisture and biting cold in the isolated and abandoned site, has begun to rapidly crumble. The city had repeatedly tried to sell the house in recent years and a last attempt, via a public tender, came up dry in December, Moehring said, confirming that BIM had finally given up.Goebbels and his wife Magda committed suicide in Hitler’s bunker as Berlin was overrun by Soviet Army troops in May 1945, after she murdered their six children. Dealing with the Goebbels villa has been all the more complicate­d because it is on the same slice of land as another vestige of the country’s tumultuous past.

In the post-war years, East Germany built a vast complex on the land in the Stalinist style of the early 1950s to house a training centre for the FDJ, the communist party’s youth indoctrina­tion organizati­on.

The regime also used it to put up visiting party cadres from “brother states” such as Vietnam, Cuba and Angola. At the time, the neighborin­g Goebbels villa was converted into a supermarke­t for FDJ students and a children’s nursery, Mueller said. In total, the four main post-war buildings cover some 1,400 square meters of bedrooms, conference halls, reception and banquet space. Day by day, they are falling apart.

Phantom village

“At present there is no heating, no running water, there is serious damage to the facades, the roofs are falling apart and inside there is a lot to do too,” Moehring admits, saying renovation costs would be “considerab­le”. Currently the only viable use for the phantom village has been as a unique, evocative film set, most recently for the adaptation of the internatio­nal wartime bestseller “Alone in Berlin” starring Emma Thompson and Brendan Gleeson. “What would really appeal to us would be if someone arrived with an intelligen­t concept to use this place which is so steeped in history,” Moehring said, suggesting a continuing education campus or a hotel as other possible options.

She said BIM had been in touch with potential investors. But a major stumbling block remains the fact that the Goebbels villa is a listed building. Because that prevents any major change to the structure, Moehring would like to see it stripped of its protected status. “I am someone who absolutely defends the importance in this city of always being able to feel the presence of history,” she said. “But you also have to ask the question whether it is sensible to maintain certain buildings under the protection a historic monument grants.” If it were lifted, Moehring said the best thing might be the most radical measure: razing it to the ground.

Germany has often been confronted with questions over how to deal with the toxic legacy of sites linked to its bitter 20th century history. Hitler’s own “Eagle’s Nest” mountain-top lodge now has a restaurant, a cafe and shops selling books with titles such as “Hitler’s Mountain” that draws thousands of tourists each year. Many of Germany’s ministries pitched up in the Nazis’ former official buildings LE MANS: Photo shows tractors blocking the tram rails during a demonstrat­ion to protest against falling prices of dairy and meat products in Le Mans, northweste­rn France. —AFP when the government moved to Berlin from Bonn in 1999. And the hangars of the former airport Tempelhof, a prime example of the Nazis’ architectu­ral gigantism, and the erstwhile headquarte­rs of communist East Germany’s feared Stasi secret police are both being used to house tens of thousands of asylum seekers. —AFP

Lower revenues and higher provisions hit NBAD’s profit ABU DHABI: National Bank of Abu Dhabi, the United Arab Emirates’s largest lender by assets, reported a 24.5 percent drop in fourth-quarter net profit yesterday, hit by higher provisions and lower revenues. The bank, or NBAD, made a net profit of 1.04 billion dirhams ($282.1 million) in the three months to Dec 31, down from 1.37 billion dirhams in the same period a year earlier. It is almost 70 percent owned by an Abu Dhabi state investment fund. For 2015, the bank said net profit was 5.23 billion dirhams, down 6.2 percent from 2014. The bank was one of three United Arab Emirates’ lenders to report fourth quarter earnings on a day of contrastin­g fortunes. Mashreq, Dubai’s third-biggest bank by assets, posted a 13.7 percent fall in net profit, while Dubai Islamic Bank, the United Arab Emirates’ largest shariacomp­liant lender, posted a 62.8 percent increase in net profit. NBAD’s fourth quarter revenues fell to 2.56 billion dirhams versus 2.76 billion dirhams in the prior-year period, while write-downs in the quarter more than doubled to 436 million dirhams compared with 200 million dirhams a year earlier.

Omantel prices a $130 m via 5-year dual-currency sukuk DUBAI: Oman Telecommun­ications Co (Omantel) has priced a $130 million five-year dual-currency sukuk issue, a document from lead arrangers showed. The sultanate’s largest telecommun­ications firm priced the sukuk issue at a profit rate of 5.3 percent. Omantel received commitment­s worth $82.16 million in the dollar tranche and 18.4 million rials ($47.80 million) in the rial tranche, it showed. The joint placement agents for the dollar tranche were Bank ABC, HSBC, National Bank of Oman and Standard Chartered Bank, while the placement agents for the Omani rial tranche were National Bank of Oman and Standard Chartered, the document showed. The senior unsecured sukuk was open to investors who had a local depository for clearing, two sources with knowledge of the deal said. The transactio­n will be settled on February 3.

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 ??  ?? BOGENSEE: This file photo shows the main grounds of the Communist Free German Youth (FDJ-Freie Deutsche Jugend) school complex, built in the 1950s. The plot of land which includes the complex, as well as the villa built for Nazi propaganda chief Joseph...
BOGENSEE: This file photo shows the main grounds of the Communist Free German Youth (FDJ-Freie Deutsche Jugend) school complex, built in the 1950s. The plot of land which includes the complex, as well as the villa built for Nazi propaganda chief Joseph...
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