19 January 2016

Allianz buys shopping centre in Slovakia

Central Shopping Center (Source: IMMOCAP)
Central Shopping Center (Source: IMMOCAP)
Allianz Real Estate (ARE) has acquired 100% of the shares of Central Shopping Center in Bratislava from Immocap, a Slovakian real estate development company, for around €175m ($190m).

"Our investment into Central Shopping Center is again an important step to a further diversification of Allianz´ real estate portfolio and to expand our investments in retail assets," said Annette Kröger, CEO of ARE Germany. "At the same time it is an attractive opportunity to get exposure to the Slovakian market." The small Eastern European country was referred to as the Tatra Tiger when its GDP grew strongly from 2000 to 2008 - and it has kept on experiencing positive GDP growth since then.

ARE is a property investment and asset manager with main offices in Munich and Paris, founded in 2009. Last year (up to 31 August), the company invested €1.4bn in real estate, sold €300m-worth of assets and managed real estate amounting to €26.8bn in value. Total assets under management amounted to €37.4bn.

Allianz Real Estate is part of German insurer Allianz, which serves around 85m customers in 70 countries, and which had third-party assets of €1.3trn under management at year-end 2014.

Latest Stories
  • Nuveen appoints former Unum CIO as head of insurance advisory

    15 July 2025

    Martha Leiper joins manager in consultative capacity

  • Moody's appoints global co-head of insurance

    15 July 2025

    Antonello Aquino to take on role

  • Allianz Capital Partners takes minority stake in data centre platform

    15 July 2025

    Invests in Yondr Group via partnership with DigitalBridge and La Caisse

  • MEAG backs heating-as-a-service firm with €120m

    15 July 2025

    Acts as sole arranger on bond for Paul Tech

  • APAC Weekly: Profit growth among Indian asset managers

    15 July 2025

    Profits and other key metrics for Indian AMs were centralised in the IPO offering document for Pru/ICICI Bank's AM

Cookies on Insurance Asset Risk

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here