German insurer and asset manager Allianz Real Estate has teamed up with US property investment firm TH Real Estate to raise US$750 million to acquire two premier outlet shopping centres in China in a bid to boost the two companies’ presence in the Asia-Pacific region.
The pair aim to acquire Florentia Village Jingjin, between Beijing and Tianjin in northeast China, and Florentia Village in Shanghai, they said in a statement.
The fund is seeking to take advantage of favourable economic…
Source : South China Morning Post
Read more…Allianz, TH Real estate to set up fund to buy outlet malls in China as part of regional push















