28.10.2014 - Alaska Permanent Fund Buys Half of Zenia Boulevard Shopping Center
The Alaska Permanent Fund, State-owned fund managing the U.S. government pensions, also wants to invest in Spanish real estate. The corporation has sealed a deal with Inmochan, property management arm of the Auchan group, on co-investment in three retail parks, two of them located in Portugal and one in Spain. The Alaska Permanent Fund is going to award management of the shopping malls to CBRE Global Investors. The U.S. investor was assisted by Deloitte Real Estate in the deal. The three properties will be administered by a joint venture created by the parties and held fifty-fifty. The operation is said to involve a €150 million amount...............................................Full Article: Source
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