Buyer is reported to be Zara founder Amancio Ortega
Deal is Paris-listed firm's second takeover announcement this week
The sum is part of a wider €16bn investment programme
The opening was delayed three times
Birgit Dietl-Benzin will take over from Matthias Danne in mid-2026
Sotheby’s International Realty Sylt is the broker
Václav Matoušek on looking beyond offices and new German skyscraper destinations
The loans were recently restructured
Geopolitical uncertainty is one of the main talking points at German retail real estate congress Handelsimmobilienkongress