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Signa Halts 17,000-Square-Metre Hamburg Development

Banks Refuse Further Finance for Speculative Project

Aerial view of Hamburg, Germany in the evening (Getty Images/iStockphoto)
Aerial view of Hamburg, Germany in the evening (Getty Images/iStockphoto)

Signa Holding has halted a €250 million development project in the city centre of Hamburg, a spokesperson said, confirming a report by local newspaper Hamburger Abendblatt.

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