The financing of the mall constructions was not profitable for the banks

One of the largest mall in Germany, the 120 thousand square meters A10-Center in Berlin, reported bankrupcy. It is not yet locked up, even considering its expansion, but it is estimated that no bank will finance the expansion.

The A-10 is a Luxembourg-registered company, with mainly British, Irish and Indian investors.The center including cinemas and a bowling hall will not be closed, and even planning a 10 thousand square meters enlargement if there will be a bank to finance. This, however, will have only a little chance. According to the secret report of McKinsey Consultant Company; not only in Germany but throughout Europe, the real estate project of the commercial banks suffered great losses – reports Világgazdaság.hu.