Austrian Signa Holding Acquires „KaDeWe“ in Berlin

Professional ServicesReal Estate ♦ Published: December 22, 2012; 19:34 ♦ (Vindobona)

The Austrian real estate group Signa Holding acquired 17 shopping centers in Berlin. In total, the sales price comes at € 1.1bn.

Austrian Signa Holding Acquires „KaDeWe“ in Berlin / Picture: © Wikimedia Commons / Atrm [Attribution-ShareAlike 3.0 Unported (CC BY-SA 3.0)]

The Austrian real estate investor and CEO of Signa Holding René Benko has signed the biggest deal in the company´s history. Signa Holding acquires 17 shopping centers in the city of Berlin. The most expensive one is the traditional shopping center “KaDeWe”. In Europe, KaDeWe ranks second among the biggest shopping centers. The property has a size of 60,000 square meters and…