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News » Spain
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CBRE Global Investors advises Alaska Permanent Fund on first acquisition in Continental Europe

Immochan and Alaska Permanent Fund Corporation (APFC) represented by CBRE Global Investors, have entered into a strategic joint venture, with the first investments being joint ownership of two existing shopping centres in Spain and Portugal, in a transaction valued at around €280 million. The transactions are APFC's first investments in Continental Europe.Under the partnership agreement, APFC will acquire from Immochan 50% of shares of companies holding these two assets: Zenia Boulevard, a 83,000m2 regional shopping centre located in the province of Alicante and Alegro Alfragide a 39,000m2 shopping centre located in Lisbon. Both Centres are an example of the new generation of high quality shopping centres developed and managed by Immochan...[…]