01.11.11

SIGNA acquires Karstadt department stores “Oberpollinger” and “Sport” in Munich

Austrian-German SIGNA-Group has – together with its joint venture partner CENTRUM, Düsseldorf, (project development) - acquired the two Kartstadt department stores “Oberpollinger” and “Sport” in Munich’s Neuhauser Straße.

The seller is the holding consortium Highstreet. Together with KaDeWe/Berlin and Altsterhaus/Hamburg, the property “Oberpollinger” is one of the three premium-stores of Karstadt-Group. With the transaction SIGNA-Group is further expanding its portfolio of retail properties in prime city locations and, further to the jointly developed shopping centre “Sevens” in Düsseldorf`s Königsallee and “Vattenfallhaus” in Hamburg’s Spitalerstraße, continues its collaboration with CENTRUM. BMH Bräutigam & Partner continuously advises SIGNA-Group with regard to its real estate transactions and its investment funds for institutional investors.