German shopping centre investor Deutsche Euroshop is considering taking over two of insolvent retail group Arcandor's Karstadt stores in Viernheim und Dessau, the MDAX-listed company told Thomas Daily news service on Tuesday.
German shopping centre investor Deutsche Euroshop is considering taking over two of insolvent retail group Arcandor's Karstadt stores in Viernheim und Dessau, the MDAX-listed company told Thomas Daily news service on Tuesday.
'We would be interested, if the properties were put up for sale,' spokesman Patrick Kiss said. The two stores belong to the Highstreet consortium consisting of Goldman Sachs, Deutsche Bank, Pirelli Real Estate and the Borletti Group.
On Monday, Management für Immobilien (Mfi) said it would be interested in taking over 20 of the 91 Karstadt department stores, while Metro has said it would be interested in taking over 60 stores.
Arcandor filed for insolvency two weeks ago after failing to secure the EUR 170 mln it needed to keep its total 120 stores operational. Besides the Karstadt chain, the retail group operates mail-order firm Primondo and catalogue business Quelle.
