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David Chipperfield
David Chipperfield Architects has reported a second year of trading losses despite an 18.6% increase in turnover, according to the practice’s latest annual results.
The business reported a £1.53m operating loss in 2018, on turnover of £6.95m. According to newly published figures for the year to the end of December 2019, it lost £523,538 on turnover of £8.25m. In 2017 Chipperfield turned a profit of £1.99m on revenue of £8.58m.
In a strategic report accompanying the accounts, Chipperfield director William Prendergast said 2019 had been “another year of moving forwards towards a stronger future for the company”.
The year saw the opening of the practice’s James Simon Galerie in Berlin and its West Bund Museum in Shanghai. Wins included a headquarters for Rolex in New York and the renovation of the Piazza San Marco in Venice.
Italian architect Franco Stella has completed his reconstruction of the baroque Berlin Palace, which was formerly home to Prussian kings and German emperors and will now house the Humboldt Forum museum.
Described as the largest cultural development in Europe , the 40,000-square-metre museum stands on the site of the demolished East German parliament building alongside Berlin Cathedral on Museum Island.
Berlin Palace has been reconstructed as Humboldt Forum
Humboldt Forum occupies a reconstruction of Berlin Palace, a largely 18th-century palace designed by Andreas Schlüter that was the main residence of the Prussian and later the German monarchs.
Damaged during world war two, the palace was demolished and replaced by the Palace of the Republic, which housed the parliament of the German Democratic Republic (GDR), also known as East Germany. Following unification in 1990, the parliament building was closed and then demolished to make way for the museum.