2023-05-31 19:48:24
The Signa real estate group of the Tyrolean René Benko sells more than 80 properties of Leiner & Kika Möbelhandels GmbH to the Supernova group of the German specialist retailer Frank Albert. This was reported by the “Standard” (online) on Wednesday evening. The deal was confirmed to the APA from corporate circles. According to “Standard”, the purchase price should be almost 500 million euros.
Kika/Leiner acquired Benko’s Signa in 2018. The negotiations surrounding the sale of the land by Signa Prime are said to have lasted for months, reports the “Standard”. The “Kronen Zeitung” reported regarding it first.
This year, Benko has already sold almost half of the branches of the German department store chain Galeria Karstadt Kaufhof, which became insolvent in October 2022 despite high German state aid. Signa has also sold half of the Berlin luxury shopping center KaDeWe to a Thai retail group – the antitrust authorities still have to approve the deal.
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