Increasing Interest for Kaufhof

Professional ServicesReal Estate ♦ Published: November 14, 2011; 12:49 ♦ (Vindobona)

The Austrian real estate investor René Benko got another competitor. Now three tenderers in the sale process will participate.

Increasing Interest for Kaufhof / Picture: © Kaufhof

The German Metro Group sells its subsidiary Kaufhof, a retail trade chain located in Germany. Now, at least three tenderers will bid for Kaufhof. Besides René Benko, the former CEO of KarstadtQuelle, Wolfgang Urban and the former owner of Karstadt, Nicolas Berggruen are potential buyers. Benko has submitted an offer by the end of October via his real estate group Signa.