Word: schiffbauerdamm
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...dealmaking worked both ways. In the case of a big new Bundesrat office building on Schiffbauerdamm, another Wertheim property, Hertie assigned its rights to the government for just j700,000, a fraction of the estimated €20 million that the government would have had to pay at market prices. "Governments the world over give sweetheart deals," says Gary Osen, a U.S. lawyer whose suit in a New Jersey court on behalf of the Wertheim family helped to unearth some of these details. "What you don't see a lot of - and what makes this alarming - is that the government...
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