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Sign in Sign up for a FREE subscriptionMadison acquires stake in €12.5b European portfolio
Madison International Realty has acquired, with the Luxembourg-based investment vehicle MIELI II Sarl (MIELI II), a 5 percent equity stake in Signa Prime Selection AG, a €12.5 billion ($14 billion) European real estate portfolio comprising 27 trophy properties and development projects, as well as the 60-asset Kaufhof real estate portfolio, from majority owner Signa Holding GmbH.
The portfolio spans 2.4 million square meters (26 million square feet) and includes luxury retail, department stores, office, hotel and residential assets. The terms of the investment are confidential.
With this transaction, MIELI II, managed by Madison, becomes one of Signa Prime’s top five shareholders and further broadens Signa Prime’s current shareholder base, which is primarily German and Austrian, including top-tier shareholders such as the German sovereign wealth fund RAG Stiftung, R+V Insurance Group, the Peugeot Family with FFP and others. The Benko Family trough Signa Holding
