Built in 1921 for the Traugott Golde Patent Top Manufacturing Company by Thilo Schoder, the factory is one of the few examples of New Objectivity industrial architecture in Gera. The city's industry - and along with it, the city itself - declined rapidly in the wake of the German reunification, leaving the buildings to redevelopment schemes that aimed at creating a more service-oriented economy. The 90s saw the factory building redeveloped into a now derelict shopping centre.
