By  on June 22, 2009

BERLIN — German shopping center developer Management für Immobilien AG (Mfi-Group) has emerged as a second potential candidate to take over some of the 90 insolvent Karstadt department store doors. But the Essen-based group denied reports it is actively pursuing plans to bid for any of the Karstadt properties.

“The reports were a bit exaggerated,” Mfi spokesman Olaf Plotke told WWD. He said the subject of Karstadt merely came up in an interview with German newspaper Handelsblatt, which asked how many of the department store doors the group thought could be developed into shopping centers. “We said 20 were plausible, but that doesn’t mean we necessarily want to take them over or that we’re in negotiations,” said Plotke.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus