Central Group snaps up KaDeWe’s remaining assets. What’s next?

(Source: Central Group)
Following the €1 billion acquisition of the KaDeWe property in Berlin’s most famous shopping street Tauentzienstraße, from Signa Prime Selection AG last April, Central Group has agreed to acquire the rest of the KaDeWe Group portfolio – Alsterhaus in Hamburg and Oberpollinger in Munich. The acquisition was foreseeable as the group had already co-invested in KaDeWe Group with Signa since 2015. Nevertheless, many wonder what is the bigger picture behind the investment.  “Central’s

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