Overview
- Germany’s antitrust authority approved a joint venture to assume and complete the stalled Elbtower project.
- The investor group comprises Dirk Roßmann, developer Dieter Becken, Klaus‑Michael Kühne, insurer Signal Iduna and builder Adolf Lupp.
- Regulators judged the merger unproblematic and granted clearance within weeks without a formal main investigation.
- Hamburg intends to buy nearly half the building for €595 million to house a Natural History Museum, securing an anchor use.
- Exclusive talks continue to acquire the half-finished shell under insolvency administration, with a revised 199‑meter design, a current height around 100 meters and a mayoral target to finish by late 2029.