Business Immo, the real estate website

Stephan Fanderl

Chief Executive Officer (CEO)

Finance

Madison takes 5% in Austrian Signa's €12.5bn holding in German Kaufhof stores

US-based Madison International has taken a 5% stake in Austrian Signa group's €12.5bn vehicle holding the German Kaufhof stores, plus another 27 trophy assets (...)

Retail

Austria's Signa takes control of Germany’s Kaufhof from Canada’s Hudson's Bay

Austrian private real estate investor Signa has acquired all remaining 49.99% equity in German store chain Kaufhof from Canada's Hudson's Bay Company.  The acquisition, for (...)

Logistics

Spain's Azora, CBRE said launching €250m last-mile logistics firm

Azora, the Madrid property manager which developed and then sold one of Spain' largest REITs, has launched a firm with CBRE to invest €250m (...)

Retail

Austria's Signa, Canada's HBC complete German Karstadt, Kaufhof merger

Austria private group Signa has completed the merger of its German store chain Karstadt with Kaufhof, owned by Canada's Hudson's Bay Company, and purchases (...)

Retail

Austrian Signa, Canada's Hudson's Bay unite Kaufhof, Karstadt in new retail group

Austria's Signa group has confirmed that German department stores Kaufhof and Karstadt are to be merged in a giant new retail company with Canada's (...)

Finance

EPRA delegates rise as investors, analysts seek undervalued assets, M&A

There seems little doubt that the more than 400 delegates to the EPRA conference last week reflected the rising interest in listed real estate (...)

Retail

German Kaufhof, Karstadt merger said going ahead

The merger of Germany’s two store chains Kaufhof and Karstadt is reportedly going ahead after the cartel office and creditor banks separately agreed that (...)

Retail

Canada's Hudson's Bay confirms talks with Austrian Signa over Kaufhof

Canadian department store group Hudson's Bay Company has confirmed that it is in talks with Austria's private Signa Holding over possible collaboration on its German Kaufhof chain. In a (...)

Retail

Canadian Hudson's Bay said re-starting talks to sell German Kaufhof to Signa

Canadian department store group Hudson's Bay Company, after rejecting an approach in February, is reported to have re-started talks to sell its German Kaufhof chain to the (...)

Finance

Benko, S Immo said eyeing creation of Austrian Champion, perhaps including Signa

Speculation in Vienna is growing that Signa boss, the sometimes controversial René Benko, will move soon to try to merge the three quoted property firms S Immo, CA Immo and Immofinanz to (...)

Retail

Vienna's Signa withdraws €3bn Kaufhof offer after Canadian Hudsons Bay rejection

Just two days after appointing a new CEO, Canadian retailer Hudsons Bay this week announced its rejection of an unsolicited offer for German store (...)

Retail

Kaufhof/Karstadt would be major test of Signa’s entrepreneurial ability

Austria’s private Signa group is well on its way to wiping out memories of the past troubles of its youthful founder René Benko. If (...)