KaDeWe sold to Austrian Investor

The probably most famous Berlin department store KaDeWe is about to change its owner – again. Together with Hamburgs department store Alsterhaus and Munichs Oberpollinger as well as the sports shops of the Karstadt group the department store is sold to an investor from Austria.

The previous owner/ investor Berggruen is selling these houses to the austrian real estate investor Signa for about 300 million Euros. The money is intended to be used to save the remaining department stores, Berggruen told the employees.

via tagesspiegel: “Berggruen verkauft KaDeWe – Karstadt wird zerschlagen

Update: 2015 the KaDeWe is sold again – this time to the Italian department store ‘chain’ La Rinascente. Ssee also: Kaufhof sold to Canadian Hudson’s Bay

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