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Exterior of Hamburg retail property The Kaufmannshaus was built in 1905 and revitalized in 2013.

VIENNA—In what is reportedly Germany’s largest commercial property transaction thus far in 2017, RFR Holding GmbH has traded five trophy assets to SIGNA Prime Selection AG for approximately €1.5 billion (US$1.75 billion). The properties span Germany’s four largest cities and include office and retail.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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