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Signa buys German trophy assets in biggest real-estate deal of 2017

From Reuters - November 11, 2017

FRANKFURT, Nov 11 (Reuters) - Austrias Signa, which is trying to buy German department-store chain Kaufhof from Hudsons Bay for 3 billion euros ($3.5 billion), has bought five trophy assets from RFR in Germanys biggest real-estate transaction of 2017.

The portfolio is worth 1.5 billion euros and comprises properties in Berlin, Hamburg, Frankfurt and Munich, Germanys four largest cities, Austrian property and retail group Signa said late on Friday.

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