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Metro AG

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

Dreieich Nordpark

MEC METRO-ECE Centermanagement GmbH & Co. KG

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

Companies

Kaufhof - Frankfurt

GALERIA Kaufhof GmbH

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

Companies

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

Acquisitions, Contracts and Deals

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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

Investment

Aydin Karaduman - Bilfinger

Bilfinger Real Estate Germany

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

Investment

Christof Winkelmann - Aareal Bank

Aareal Bank AG

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

Markets

Kaufhof - Frankfurt

GALERIA Kaufhof GmbH

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

Investment

Jan Dirk Poppinga - CBRE

CB Richard Ellis

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

Markets

Kaufhof - Frankfurt

GALERIA Kaufhof GmbH

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

Investment

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

Retail investment

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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

Companies