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Rene Benko

Kaufhof - Frankfurt

GALERIA Kaufhof GmbH

Austria’s privately-held retail and real estate company Signa Group raised €1.2bn in fresh equity during the month, with the proceeds targeted for pending acquisitions and developments (particularly in Berlin), and boosting its liquidity reserves... Read more

Companies

Matthias Cordier - Madison International

Madison International Realty

Real estate private equity firm Madison International Realty has purchased a strategic 5% equity stake in Signa Prime Selection, a European real estate portfolio, through its Luxembourg vehicle MIELI II. The move gives Madison a stake in 87... Read more

Companies

Christof Winkelmann - Aareal Bank

Aareal Bank AG

Among notable financings of the past month, pbb Deutsche Pfandbriefbank and HSH Nordbank lent German investor RFR Group more than €200m to refinance the 47-storey hotel and office asset WestendGate opposite the trade fair in Frankfurt. Read more

Investment

Kaufhof - Frankfurt

GALERIA Kaufhof GmbH

German department stores Galeria Kaufhof and Karstadt Warenhausare to merge after Austria’s Signa Holding and Canadian retailer Hudson’s Bay Co. (HBC) agreed to form a joint venture via a new holding company, they announced this month. 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

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

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

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