Allianz RE and Elo Lower Ownership Risk of Spanish Retail Portfolio
Posted on 03/02/2020
Sonae Sierra and APG Asset Management own the €1.8 billion Iberia shopping centre portfolio. APG and Sonae Serrie sold a 50% interest in the portfolio to Finnish pension insurance company Elo and Allianz Real Estate for €525 million in cash proceeds. Elo and Allianz Real Estate are each getting a 25% stake in the portfolio. […]
