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Allianz acquires 25% stake in €1.8bn Sierra Prime retail portfolio

Allianz Real Estate, acting on behalf of several Allianz group insurance companies, has acquired a 25% stake in Sierra Prime, a retail portfolio of 6 flagship shopping centres across Portugal and Spain with a total gross asset value of above €3.0 billion (€1.8 billion on a proportional basis). The new…

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