Alexander Tower at Alexanderplatz Resumes Construction After Four-Year Standstill

Construction on the Alexander Tower — a planned 150-metre, 40-floor high-rise directly next to the Alexa shopping centre in Berlin — restarted on 30 October 2026 after nearly four years of inactivity. The original investor, Moscow-based Monarch Group, lost financing in late 2022 when Russian sanctions cut off its funding channels. The new consortium consists of Hamburg developer DCD Services and investment firm Equora Capital, which has acquired a 49 percent stake and intends to take full ownership. Construction firm Porr, which had already completed the underground portion of the building, resumed works on the site. The revised design by architects O&O Baukunst retains the 150-metre height despite adding five floors compared with the original 35-storey plan, and the programme now includes more than 300 residential units — around 30 at reduced rents — approximately 295 hotel rooms in the four-star segment, and supplementary commercial space. Total investment is approximately €400 million, with first residents expected to move in by 2030. The project still faces two hurdles: a new building permit is required from the Mitte district authority, and Equora Capital must resolve a €10 million penalty previously levied against Monarch Group by state property company BIM before it can take full control of the project.