Austrian real estate investor Signa Holdings is reportedly acquiring a portfolio of Karstadt department stores in Germany for EUR 1 bn. The portfolio includes the Kaufhaus des Westens (KaDeWe) department store in Berlin, according to a report in the German edition of The Wall Street Journal.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
