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Thanks, I managed to miss that and didn't want to make the obvious assumption. A little unfortunate for the company that their sign is in a press shot.
In Germany, pretty much every house is started with a pit for a basement. When I tell people there that here, basements are retrofitted under existing houses, it generally causes incredulity. :)
Ouch. I wonder what caused that. I guess it'll now take a long time to rebuild in period-correct style.