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Signa Holding initiates insolvency proceedings in Vienna

Austrian billionaire René Benko's European property group Signa Holding has filed for insolvency proceedings in Vienna. The heavily indebted group disclosed that it is...

Commerz Real buys office tower in Berlin

Commerz Real has acquired the Mynd high-rise office building currently under construction and the Galeria Weltstadthaus store on Berlin’s Alexanderplatz from Signa Prime for...

Commerz Real acquires 25% stake in Hamburg mixed-use development

Commerz Real has acquired a 25% stake in the Elbtower high-rise development from Signa Real Estate in Hamburg's HafenCity on behalf of open-ended real estate...

Central Group, Signa complete acquisition of Selfridges Group

Thailand-based Central Group and Austria's Signa Holding have completed the acquisition of the luxury retailer, Selfridges Group, from the Weston Family. Selfridges Group portfolio, which comprises 18 stores...

Thai Central Group, Austria’s SIGNA buy Swiss luxury department store chain...

A joint venture(50:50) between Austria's SIGNA and Thailand’s largest retailer Central Group has acquired the Swiss luxury department store chain GLOBUS, along with eight...

Hudson’s Bay to close its stores in Netherlands

Canadian retail business group Hudson’s Bay (HBC) announced that HBC Netherlands BV will close its 15 Hudson’s Bay stores, e-commerce site and headquarters in...

HBC to sell stake in German real estate and divest related...

HBC, a Canadian retail business group, has entered into definitive agreements to sell the company’s remaining stake in its German real estate joint venture, and divest...
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