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Allianz, Gaw And Th Real Estate Form $1bn Chinese Outlet Mall Fund | News | Ipe Ra
Closed-ended fund to buy two luxury designer outlet malls in China. : Insurance company Allianz has partnered TH Real Estate to establish a US$1bn (€846m) fund to buy two luxury designer outlet malls in China. As the largest cornerstone investor, Allianz has committed US$225m, representing 30% of the equity in the closed-ended ERES APAC II-China Outlets Fund. Other investors include New York-based TIAA, the parent company of TH Real Estate, and Gateway Real Estate Fund V, a fund managed by ... Full investment news article
