Metro AG
GALERIA Kaufhof GmbH
Arminius buys retailer Metro AG headquarters in Düsseldorf
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
MEC METRO-ECE Centermanagement GmbH & Co. KG
Metro AG looking to offload struggling retail subsidiary Real
German listed retail group Metro AG is looking to again sell off its retail subsidiary Real, along with a sizeable property portfolio, as it retreats back to being a classical wholesaler. Read more
GALERIA Kaufhof GmbH
Karstadt and Kaufhof owners sign letter of intent for joint venture
Canadian retailerHudson’s Bay Co. and Austria’s property and retail group Signa Holdinghave signed a non-binding letter of intent ‘to explore a potential joint venture’, Canada’s Hudson’s Bay Co. (HBC), announced this month. Read more
GALERIA Kaufhof GmbH
Hudson's Bay in fresh talks to merge Kaufhof with Karstadt
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
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AEW Europe makes big retail, logistics buys
The Paris-based AEW Europe made two significant acquisitions this month, one for its €2.2bn LOGISTIS platform and the other a major portfolio for its €9bn retail holdings. Both deals come on the heels of earlier AEW announcements of major... Read more
Bilfinger Real Estate Germany
DIC Asset in strategy shift to funds from JV activities
The Frankfurt-based listed German property firm DIC Asset has raised its acquisition target for its fund business to €500m from its earlier €400m to €450m, and said it had already invested over €300m this year so far. Read more
Aareal Bank AG
German, European logistics market heading for full-year record
The transaction volume for German logistics properties has exceeded last year's volume by 45% and, at €2.1bn for the first six months, marks a new half-year record for the asset class. According to property advisers Colliers, logistics has... Read more
GALERIA Kaufhof GmbH
Hudson's Bay kicks off e1bn investment programme in Kaufhof
Following the takeover by Canadian retailer Hudson's Bay Company (HBC) of German high street department store chain Kaufhof last year, the Canadian group has announced a major investment programme for its German stores, starting immediately. Read more
CB Richard Ellis
Record first half for German retail at nearly €10bn
New figures just in from property brokers CBRE confirm that foreign investor interest in German retail real estate remains undimmed. Compared to last year's first half, total investment volume in German retail more than doubled in the first six... Read more
GALERIA Kaufhof GmbH
Hudson's Bay packs Kaufhof assets into JV, plans German expansion
The takeover last month of listed group Metro's Galeria Kaufhof retail chain by Canada's Hudson's Bay Company had obviously been the subject of considerable forward planning, to judge by the buyer's subsequent plans to deal with the individual... Read more
GALERIA Kaufhof GmbH
Hudson’s Bay looking to buy Kaufhof from Metro AG
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
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Cerberus examining flotation of German retail interests
Private equity real estate group Cerberus is thought to be mulling the bundling of its German retail real estate interests, with a view to floating the assets on the stock market as a retail-focused property group. Read more