Business Immo, the real estate website

René Benko

Retail 11/06/2019

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 (...)

Listed 06/05/2019

Greek billionaire Economou becomes 2nd largest shareholder in Germany’s TLG

Greek shipping billionaire George Economou has become the second largest shareholder in Germany's TLG Immobilien after buying nearly 8% from Swiss M&A boutique Bedrock. According (...)

Retail 10/01/2019

Austrian Signa adds Hamburg's Gänsemarktpassage; price said at €120m

Austria's Signa Group has acquired the the Gänsemarktpassage in Hamburg for partial redevelopment into a mixed-used complex for a price said to be close (...)

Retail 03/12/2018

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 (...)

Office 05/11/2018

Berlin Hyp in €220m financing for Austrian Signa's office project

Berlin Hyp is providing €220m in financing for the 90 m. office building being developed in Berlin by Austria's Signa group, and says it (...)

Logistics 27/09/2018

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 Fiege group to in-source (...)

Retail 11/09/2018

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 (...)

Retail 06/07/2018

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 26/06/2018

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 (...)

Listed 07/06/2018

US Starwood wins few takers for Austrian CA Immo, Immofinanz offers

US private equity firm Starwood Capital, which Wednesday announced 24.4% acceptances in a Swedish housing group bid, has by contrast won only a fraction of (...)

Listed 19/04/2018

Austrian S Immo CEO says Immofinanz 29% buy is step in right direction

Ernst Vejdovszky, CEO of Austrian S Immo in which a 29.14% stake changed hands on Wednesday, acquired by Vienna listed peer Immofinanz, said he (...)

Listed 18/04/2018

Austria’s Immofinanz buys Benko, Pecik's 29% S Immo stake for €20 shr

Austrian listed Immofinanz, on the day that a public offer for 5% of its shares opens from US opportunity fund Starwood Capital, said Wednesday it has (...)

Listed 18/04/2018

US Starwood Capital says bids for Austrian CA, Immofinanz will boost growth

US-based Starwood Capital Group said its partial bids for Austrian listed companies CA Immo and Immofinanz, which open for acceptances today, will accelerate their growth by providing a long-term-oriented, (...)

Listed 10/04/2018

Benko raises S Immo stake to 29%, boosting Austrian Champion speculation

Austrian property tycoon René Benko nows controls 29.14% in Vienna listed S Immo after his private trust on Monday acquired 7.28% from the Vienna Insurance Group. (...)

Listed 27/03/2018

Austria's Immofinanz rejects unsolicited US Starwood offer at €2.10 shr

Austria's listed property group Immofinanz has rejected an unsolicited partial offer for a 5% stake made by the US-based Starwood Capital group in parallel to a bid for (...)

Listed 22/03/2018

US Starwood Capital launches bid for 26% of Austrian CA, stake in Immofinanz

US private equity firm Starwood Capital Group has launched a bid to acquire 26% in Austrian listed CA Immo and also a stake of up to (...)

Finance 09/03/2018

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 (...)

Listed 01/03/2018

Austrian CRE 'champion' still possible after S Immo ups Immofinanz stake to 12%

An 'Austrian champion' in listed commercial property may still be on the cards despite Immofinanz on Wednesday hinting it will drop plans to merge with CA Immo. (...)

Listed 28/02/2018

Austrian Immofinanz: CA Immo merger may not happen, may sell shares

The merger of Austrian listed groups Immofinanz and CA Immobilien, in planning for around two years, may not happen, Immofinanz has announced. Talks will remain suspended and (...)

Retail 22/02/2018

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 (...)