Signa Holding has completed the acquisition of three commercial properties in the German cities of Munich and Hamburg, PropertyEU reports. The investment vehicle of Austrian businessman Rene Benko paid a total of €500 million for the acquisition. The deal involves the Karstadt Oberpollinger and Karstadt Sport commercial buildings in Munich and the Spitalerstraße 22-26 in Hamburg, The Munich properties were divested by the Highstreet group, while the Hamburg asset was sold by Vattenfall Europe.

Click here for the story from PropertyEU.