Famous Luxury Department Store Sold: Investors Grab Alsterhaus

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Who bought the noble Alsterhaus and what the investor plans to do with the property.

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HAMBURG. Alsterhaus, a luxury department store in the northern German metropolis of Hamburg, is expected to change ownership. Schoeller Group's Family Office will take over the property from Signa insolvency with a large German pension spot, the Schoeller Group announced.

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The Hamburg department store belonged to the luxury real estate company of the Signa Group, owned by Austrian investor René Benko. Now, the reusable packaging specialist Schoeller wants to buy the building – which is currently leased to KaDeWe GmbH.

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Hamburg (dpa/lno) – The Hamburg luxury department store Alsterhaus is expected to change ownership. Schoeller Group's Family Office will take over the property with a large German pension fund, the Schoeller Group announced. However, the transaction is still subject to a regulatory reservation. The creditors would have to agree to it, said one speaker. At first, several media reports had been reported. Schoeller Group is a group of companies bas…

abendblatt.de

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Property in the best Hamburg city center location has a new owner. An entrepreneur family acquires historical complex with a partner.