March 30 (Reuters) - Thai retailer Central Group wants
to take over some real estate assets from insolvent Austrian
property company Signa, including KaDeWe in Germany and
Selfridges in London, Business Insider reported on Saturday.
Central Group is interested in Signa's entire luxury group,
which also includes Alsterhaus in Hamburg, Oberpollinger in
Munich, and Globus in Switzerland, the report said, citing
unidentified sources at the Thai company.
The report said Central is already substantially invested in
Signa's luxury holdings.
Central could not be immediately reached for comment.
A spokesperson for Signa's restructuring administrator
declined to comment.
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 main units, Signa Prime and Signa Development.
(Writing by Dave Graham)