FRANKFURT, June 14 (Reuters) - Thai retailer Central
Group agreed to acquire the assets it has not already secured in
KaDeWe Group, a chain of landmark department stores in Germany,
part of tycoon Rene Benko's folded property empire.
Central purchased the eponymous Berlin luxury department
store KaDeWe in April, saying at the time it would seek to also
buy the two other stores of the portfolio, Alsterhaus in Hamburg
and Oberpollinger in Munich.
Central would continue to run the stores and would now seek
to renegotiate the rent agreements for the retail outlets,
administrator Christian Graf Brockdorff said in a statement
issued by KaDeWe Group, without disclosing financial terms.
Signa, the property empire founded by tycoon Rene Benko, has
been one of the biggest casualties of Europe's real estate
crisis, with creditors filing claims worth billions of euros.
The group's holding company, which sits at the centre of a
web of hundreds of firms, has declared insolvency, as have its
two most important units, Signa Prime and Signa Development.
($1 = 0.9369 euros)