Marketplace Project's Positive Developments Slowing Once More
Munich's Wholesale Market Project: City Council to Decide on Extension for Büschl Group
The future of Munich's long-planned wholesale market project, led by the Büschl Group, is once again under discussion as the city council prepares to make a decision on whether to grant an extension for the submission of the final offer.
The initial extension, granted until the end of July, was given to Ralf Büschl to submit his offer, as reported by AZ. However, Büschl has now requested another extension until October 23, and Mayor Dieter Reiter has granted this extension.
The city council's full assembly will decide in a non-public session on July 30 whether to continue the procurement procedure with the Büschl Group, assuming an extension is granted. This decision will be made in light of the ongoing negotiations with the new German investor, who is interested in both operating the wholesale market and developing the real estate.
The Büschl Group requires additional time due to these negotiations. It is worth noting that the bidder is entitled but not obliged to submit a final offer. If the city council rejects a requested extension by the Büschl Group and they do not submit an offer by 31 July, they would have to pay a compensation of 200,000 euros for their initial offer.
However, further claims for damages by the Büschl Group after failing to meet the deadline for submitting the offer are unlikely to be justified. The city council will only grant an extension if there is a justifying reason for the delay, provided all reasons for not meeting the deadline for submitting the offer lie within the bidder's sphere of responsibility.
The future of the project in Sendling remains uncertain after four years of planning, despite the new investor situation. It is also worth mentioning that Mayor Reiter has the authority to issue particularly urgent orders and accelerate urgent business on behalf of the city council.
The city council will also consider commissioning the municipal department to grant the Büschl Group an extension until October 23, assuming a new extension is requested. The outcome of this decision could significantly impact the progress of the wholesale market project in Munich.
As always, we will continue to monitor this developing situation and provide updates as more information becomes available.
- The Büschl Group, involved in Munich's wholesale market project, is seeking another extension until October 23 for the final offer submission, especially due to ongoing negotiations with a new German investor interested in both operating the market and developing the real estate.
- In the business sector, the Wholesale Market Project in Munich faces uncertainty, as the city council will decide whether to commission the municipal department to grant an extension to the Büschl Group, which would significantly impact the project's progress.
- Mayor Dieter Reiter holds the authority to issue urgent orders and accelerate urgent business, but the council will only grant an extension if there is a justifying reason for the delay, considering the bidder's responsibility for meeting deadlines.
