PressNewsFinancialsStakes and investments: Allianz closes its first debt transaction in Sweden

Allianz closes its first debt transaction in Sweden

Service & Contacts

Allianz Group Communications
Koeniginstr. 28
80802 Munich
Germany

Contact overview

Receive the latest Allianz news.

Newsletter

Follow Allianz in the social networks:

Facebook
Twitter
Google+
LinkedIn

  • Contact

  • Newsletter

  • Social Media

Allianz Real Estate has closed a debt transaction in Sweden by providing a SEK 690 million (c. EUR 73 mn) loan for the refinancing of the Bergvik shopping center in Karlstad.

 

Allianz SE
Munich, Sep 19, 2016

This also represents the first direct debt investment for Allianz Real Estate in Sweden and with Eurocommercial Properties, a Euronext Amsterdam listed company with a market capitalization of around EUR 2bn. Eurocommercial is specialized in shopping center investments where it has a 25-year track record and is exclusively focused on France, Italy and Sweden.

The well performing asset comprises almost 33,000 sqm and is anchored by supermarket chain Coop as well as 70 additional tenants. The location is further strengthened by the presence of an IKEA store, making it the dominant retail location in the whole province of Värmland. Eurocommercial has already owned part of the asset since 2005 and acquired the fully refurbished second part late in 2015, thereby doubling its ownership in this location.

“This transaction presented a good opportunity for Allianz Real Estate to close a first financing deal with Eurocommerial in Sweden and to further diversify the investment portfolio geographically", commented Helmut Muehlhofer, Head of Debt Team in Munich.

  Forward Looking Statement disclaimer

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:

 

  Press contact

Roland Deger
Allianz Real Estate
Phone +49.89.1220-7677
Send email

  More at allianz.com

The Bigger Picture

Allianz-The Bigger Picture
Mar 27, 2017 | Allianz SE

Encouraging the development of emerging economies and micro businesses is a big step in social inclusion. Here’s how Allianz contributes to the conversation...

More...

Allianz named ‘International Corporation of the Year’ in Africa

Allianz-Allianz named ‘International Corporation of the Year’ in Africa
Mar 23, 2017 | Allianz SE

At the 5th annual Africa CEO Forum held in Geneva March 20-21, Allianz received the ‘International Corporation of the Year’ award. Allianz employs over 1,500 people in 16  countries and accompanies its clients in 38 countries across Africa offering a comprehensive range of insurance, assistance, pension and savings products.

More...

Allianz Worldwide Partners insures EasyMile’s autonomous vehicles

Allianz-Allianz Worldwide Partners insures EasyMile's autonomous vehicles
Mar 22, 2017 | Allianz SE

Allianz Worldwide Partners and EasyMile have signed an International Framework Agreement to  establish insurance solutions for EasyMile’s shared driverless transportation projects as of January 1, 2017. Since the start of the worldwide cooperation, first projects have already been launched in Germany, Norway and the United States.

More...
More...