Property News · November 21, 2017

Allianz, TH Real estate to set up fund to buy outlet malls in China as part of regional push


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
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