Overview
- Landlords across Germany said Monday that April rent from Galeria had not arrived at several sites, including Berlin’s Alexanderplatz.
- Commerz Real, which owns the Alexanderplatz property, said it cannot reach Galeria and would look for a new tenant if nonpayment persists, noting interest from other retailers.
- Several owners reported Galeria asked for interest‑free deferrals, in some cases to shift April and September 2026 rent into 2027, and some landlords rejected the request.
- The company is renegotiating leases at eight locations and has warned that stores could shut if no workable terms are found, with sites named in Berlin, Munich, Cologne, Mannheim, Braunschweig and Aschaffenburg.
- Galeria operates 83 stores with about 12,000 employees and faces annual rent costs near €100–120 million, while Creditreform still advises against lending to the retailer due to high risk.