Allianz Real Estate has joined Aareal Bank and Helaba to provide a landmark EUR 650 mln loan facility secured against Centro in Oberhausen, one of Germany's biggest shopping centres. The financing was provided to a joint venture between the Stadium Group and the Canadian Pension Plan Investment Board who jointly own Centro, which is currently valued at approximately EUR 1.3 bn.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
