DaimlerChrysler 'puts central Berlin property up for sale'

0 Comments | AFP, October, 2007

FRANKFURT (AFP) — German carmaker DaimlerChrysler wants to sell property on the Potsdamer Platz in central Berlin worth around 1.5 billion euros (2.1 billion dollars), a report said Tuesday.

DaimlerChrysler has hired US investment bank Merrill Lynch to search for a buyer, the Financial Times Deutschland quoted industrial sources as saying.

A spokeswoman for the automaker however told AFP: "It's pure speculation. A decision has not yet been taken. We are not commenting."

Sony also wants to sell a building it owns on the iconic square that reflects the history of modern Germany, the paper said, adding that the Japanese company hopes to earn 600-700 million euros from the sale.

Potsdamer Platz, today a showcase of modern architecture, restaurants,...