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Karstadt

Ingo Hartlief

Corpus Sireo

In March this year, REFIRE published an article about the latest study by DEMIRE Deutsche Mittelstand Real Estate AG, the listed commercial property investor focused on secondary German cities, carried out by market researcher BulwienGesa. The... Read more

Companies

Dr. Joachim Arenth

Dr. Joachim Arenth

UK-based private equity real estate firm Benson Elliot has paid Brack Capital Properties (BCP) €175m for a portfolio of three German convenience retail assets. BCP is retaining a minority stake in the 100,600 sqm portfolio. Read more

Companies

Berlin at night

stefan widua/unsplash

The latest report on the German retail property investment market from CBRE shows that in 2018, just €10.5bn of retail properties in Germany changed hands, marginally above the long-term average but nonetheless a decline of 25% compared with 2017. Read more

Markets

Kaufhof - Frankfurt

GALERIA Kaufhof GmbH

The Frankfurt-based private equity group Arminius has bought retail group Metro AG’s headquarters just east of Düsseldorf for German institutional investors. The seller of the campus property, which is situated in the urban district of... Read more

Companies

If investment in German shopping centres isn’t the highest priority for domestic or international investors right now, with many steering deliberately well clear of the sector, it’s certainly a boom period for those whose job is the revitalization... Read more

Markets

Kaufhof - Frankfurt

GALERIA Kaufhof GmbH

Canada's Hudson's Bay Co. was reported this week to again be in discussions with Austrian property and retail group Signa Holding GmbH about a joint venture with its German retail group Kaufhof... Read more

Companies

Christoph Wittkop - Pamera

PAMERA Asset Management GmbH

Barings Real Estate has continued into this year the spending and investment spree that saw it transact more than €1bn in German real estate deals in 2017, in the process more than doubling its volume of 2016... Read more

Companies

Kaufhof - Frankfurt

GALERIA Kaufhof GmbH

We refer in this issue's editorial (page 4) to the demise of several previously prominent American shopping malls. Now there are ominous messages eminating from leading German department store retailer Galeria Kaufhof, which was bought two years... Read more

Companies

Rui Tereso - Tristan Capital Partners

Tristan Capital Partners

Barely eighteen months after being bought by its current owners, the Karstadt complex opposite Munich's main railway station is being sold again. EPI Special Opportunities 3 (EPISO 3), an opportunity fund managed by Tristan Capital Fund and... Read more

Investment

Thomas Olek - Publity

Publity AG

The German listed fund initiator and asset manager Publity AG has stepped in to buy the complex which includes the corporate headquarters of department store chain Karstadt in Essen, for an unknown sum. Read more

Investment

Dr. Joachim Arenth

Dr. Joachim Arenth

REFIRE met recently with property advisor JenAcon in the Thuringian city of Jena, which like ourselves, is celebrating its 10th anniversary this year. The Jena and Osnabrück-based JenAcon has created a strong niche for itself as a broker of... Read more

Companies

Kaufhof - Frankfurt

GALERIA Kaufhof GmbH

The Toronto-listed Hudson’s Bay Company is reported to be looking at buying German department store chain Kaufhof from the DAX-listed Metro AG for a sum potentially as much as €2.6bn – considerably more than any amount mentioned in connection with... Read more

Investment

KaDeWe - Berlin

© robepco - Fotolia.com

German-American billionaire Nicolas Berggruen, who rode into town in 2010 to save Germany’s Karstadt department store chain from imminent bankruptcy, has sold the chain’s most prestigious outlets to Austrian group Signa Holding, controlled by... Read more

Markets