DUSSELDORF, GERMANY—Allianz Real Estate has spent about $415 million (approximatley €300M) to acquire the “Kö-Galerie” on Königsallee, D sseldorf's luxury shopping mile.
The sellers are funds managed by Blackstone and Hamburg-based retail management firm ECE, according to report by European Real Estate Media.
The shopping and office center, in central D sseldorf, is leased to numerous international brands such as Bally, Lacoste, Gant, and Aigner. The retail area is about 20,000 m² with 90 shops spread over three floors.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.