KarstadtQuelle is planning to raise some EUR 1 bn from the sale of its stake in the real estate company Highstreet. The sale will be completed by the end of September, German newspaper Immobilien Zeitung reported. Highstreet is a joint venture between real estate investment fund Whitehall (51% stake) and KarstadtQuelle (49% stake). The key assets of the real estate company are Karstadt's department stores.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
