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. […]

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