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Business

Berlin Wertheim Land Reportedly to be Sold

Berlin land owned by the Wertheim family and seized by the Nazis will be put for sale, according to the Wall Street Journal. Citing the Jewish Claims Conference, the paper said the Berlin real estate is one of about 50 parcels of land once belonging to the Wertheim family, and subject to dispute. The 3,000-square-meter plot could net €20 million ($24 million). KarstadtQuelle AG, Germany's largest department-store operator, bought Wertheim's former property in 1951. The heirs challenged the legality of that agreement, saying the purchase was not valid.