KarstadtQuelle is planning to raise some EUR 1 bn from the sale of its stake in the real estate company Highstreet. The sale will be completed by the end of September, German newspaper Immobilien Zeitung reported. Highstreet is a joint venture between real estate investment fund Whitehall (51% stake) and KarstadtQuelle (49% stake). The key assets of the real estate company are Karstadt's department stores.
KarstadtQuelle is planning to raise some EUR 1 bn from the sale of its stake in the real estate company Highstreet. The sale will be completed by the end of September, German newspaper Immobilien Zeitung reported. Highstreet is a joint venture between real estate investment fund Whitehall (51% stake) and KarstadtQuelle (49% stake). The key assets of the real estate company are Karstadt's department stores.
On Tuesday, Frankfurter Allgemeine Zeitung said KarstadtQuelle is to seek a listing on the London Stock Exchange this year. The listing will add to the company's existing listing on the German stock market.
