HAMBURG, GERMANY-Allianz has acquired a 45% interest in Europa Passage, a shopping mall at Ballindamm 40 in Hamburg from HSH Nordbank. Earlier, HSH Nordbank held 45% stake, and Allianz Real Estate Germany GmbH and Allianz Lebensversicherungs-AG held 55% stake in Europa Passage.
But with the new deal, the shopping center has come fully under the control of Allianz. Europa Passage comprises approximately 322,917 square feet of retail space and about 365,972 square feet of office space. For the full story, go to Europe Real Estate .
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