Central Group, the Thailand based multinational conglomerate consisting of subsidiaries in retail, property development, brand management, hospitality, and food and beverage sectors, has acquired the property, that is home to Berlins KaDeWe department store, from insolvent SIGNA Prime Selection AG, the Austria based real estate owner and developer. KaDeWes building offers more than 60,000 square meters of dedicated shopping space. The purchase price for the building was reported by the German business daily Handelsblatt at roughly USD 1.07bn.
- Target – Signa Prime Selection Ag (kadewe Store Property In berlin)
- Buyer – Central group
- Seller – Signa Prime Selection AG
