Economy & Politics

Anno Jagdfeld – the failed real estate tycoon

It should be the culmination of his life’s work so far. When Quartier 206 opened in 1997, 8,000 square meters of luxury shopping space in the heart of Berlin, its builder Anno August Jagdfeld had long been rich. As an enterprising offspring of petty-bourgeois conditions in the far west of the country, he had made money in the east after the fall of the Wall, with closed real estate funds, supported by tax-saving models that flourished after the fall of the wall.

But Jagdfeld wanted to do more than just earn money. The former tax advisor enjoyed himself as a hobby classical philologist who raved about ancient Greeks. Instead of faceless office buildings, he wanted to create myths. He set up a fund to rebuild the legendary Hotel Adlon in Berlin,

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