Signa: Madison buys share of €12.5bn Prime portfolio


Madison International Realty has acquired a strategic share of 5 % of Signa Prime Selection AG through its Luxembourg vehicle MIELI II. The company holds 27 of Signa’s assets and projects (including KaDeWe, Oberpollinger) and the Kaufhof portfolio with 60 properties. The total value of the fully leased properties, 80 % of them in Germany, comes to €12.5bn. The New York-based investment firm states that this transaction makes it one of the top 5 shareholders of Signa, a group that previously included mainly German and Austrian investors. Signa founder René Benko will remain majority shareholder. Madison also states that it is checking into further investment partnerships with Signa “both at the property and at the company level”. Just a month ago the Peugeot brothers acquired a 5 % share of the prime real estate segment.

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