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Allianz builds London exposure with first office equity investment

Allianz builds London exposure with first office equity investment

Allianz Real Estate, acting on behalf of several Allianz group companies, has increased its London exposure via its first office equity investment in the city, acquiring a 75 per cent interest in a three-building portfolio owned by British Land, who will retain the remaining 25 per cent as part of a joint venture. The purchase price was GBP401 million (EUR450 million).