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Heidelberg sells Print Media Academy building | Packaging South Asia


Heidelberg Print Media Academy Photo Radosław Drożdżewski (Zwiadowca21)
Heidelberg has sold the Print Media Academy building across the street from the town’s central station. Although the glass and steel structure was somewhat symbolic – it may ultimately be seen as a re-enactment of a heavy metal fantasy that went awry as the demand for sheetfed offset presses declined over the past two decades. It is reported that the building is sold to a Luxembourg-based investment company for a low double-digit million Euro sum. The erstwhile owners will continue to lease some office space in a building in a prime location that must have been expensive to build and maintain. ....

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End of an era as Heidelberg sells PMA


End of an era as Heidelberg sells PMA
Jo Francis
Tuesday, February 2, 2021
It’s the end of an era for Heidelberg, which has sold its landmark Print Media Academy building in the heart of the German town as part of its ongoing series of asset sales and disposals.
S-Printing Horse sculpture with PMA shown behind
The Print Media Academy (PMA) was a high-profile project under then-Heidelberg CEO Hartmut Mehdorn, and was built to mark Heidelberg’s 150
th anniversary. It was officially opened in April 2000 by Germany’s federal chancellor Gerhard Schröder.
At Drupa the same year, Heidelberg booked €1.5bn-worth of orders, the equivalent of around £1bn at the time. ....

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