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Finance

Allianz RE takes debt fund to €1.5bn with €230m sole refinancing of Berlin's Gropius Passage

With a further sole-lender refinancing for the Gropius Passagen mall in Berlin for €230m, Allianz Real Estate has taken its newly launched Luxembourg debt fund to (...)

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 (...)

Logistics

Germany’s Karstadt, slated to merge with Kaufhof, plans inner-city logistics

German store chain Karstadt, likely to be merged soon with its peer Kaufhof, has launched a joint venture with the Fieg​​​​​​​e group to in-source (...)

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 (...)

Logistics

Barings pays €90m for first German logistics asset, seeks more across Europe

Barings Real Estate, part of the US MassMutual insurance group, has paid €90m for an asset near Dortmund owned by a joint venture between M7 Real (...)

Retail

Karstadt purchase not aimed at creating downtown malls, says Signa's Benko

René Benko, Austria's biggest real estate entrepreneur and owner of the Signa group, says he did not acquire German store chain Karstadt to convert all of them into (...)

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 (...)