Largest Real Estate Transaction in Germany in 2017

RFR Holding Sells Extraordinary Real Estate Portfolio to SIGNA Prime - Seite 3

"The acquisition of this unique portfolio allows us to continue to build out the market position of SIGNA Prime as one of the leading European real estate companies, and to position itself as one of the largest European real estate companies," Timo Herzberg, Executive at SIGNA Prime Selection AG. 

"A transaction like this requires a lot of trust between the involved parties. We have had good, constructive and trusting discussions with SIGNA Prime from the start. That is why we are particularly happy to sell these extraordinary assets to one of the most successful real estate companies in Europe," Michael Fuchs, Founder RFR Group. 

About RFR 

The RFR Holding GmbH (RFR) belongs to the RFR Group of the German-born real estate investors Michael Fuchs and Aby Rosen. Over the last 25 years RFR has built a unique real estate portfolio. Classic architecture history such as the Seagram Building in New York from Mies van der Rohe, or the famous Lever House from Skidmore, Owings & Merrill are complemented by modern office and commercial buildings, hotels, and luxury residential in prime locations. Today the RFR Group manages real estate in the USA and Germany of over EUR 12 Bn. The RFR Management GmbH based in Frankfurt/Main is responsible for the property and asset management of the real estate portfolio of the RFR Group, with a total area of c. 700.000 m² in Germany. Additional information is on http://www.rfr.com.

About SIGNA 

The by the Austrian entrepreneur René Benko founded SIGNA Group is a private entrepreneurially active industry holding in the industries of real estate and retail. The company, with a real estate gross asset value of over EUR 10 Bn, and an additional development volume of EUR 5 Bn, is one of the most important real estate investors in Europe and operates with over 20,000 employees and over EUR 3.8 Bn revenue well known retail companies in Germany. The Group comprises two central industry areas: SIGNA Real Estate and SIGNA Retail.

SIGNA Prime Selection AG, which is part of the SIGNA Real Estate group, has since its founding in 2010 developed itself into one of the largest real estate companies in Europe. SIGNA Prime owns, amongst others, real estate icons such as the KaDeWe in Berlin, the Alsterhaus in Hamburg, the Oberpollinger and the Alte Akademie in Munich, as well as the Park Hyatt and the Goldenes Quartier in Vienna. For years, the company has used the successful strategy, to build a portfolio of exceptional real estate in prime city locations in Germany, Austria, and Northern Italy, and to continue to acquire or develop targeted prime assets. SIGNA Prime counts to the largest real estate owners in cities like Berlin, Munich, Hamburg, and Vienna, and follows the goal to own its real estate over generations. Additional info can be found at http://www.signa.at 

Questions:
SIGNA
Robert Leingruber
Head of PR & Communications
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T: [phone] - 2534