Allianz Real Estate Germany GMBH (Allianz) has acquired 50% of Allee Shopping Centre for a price exceeding 100 million. Allee Shopping Centre opened fully leased in November 2009, comprises some 47,000 m² and is anchored by Interspar, Inditex Group, Van Graaf, H&M, C&A and Electroworld as well as a 13-screen cinema. There is an additional 7,000 m² of offices.
Allianz was represented by Jones Lang LaSalle.
Benjamin Perez Ellischewitz, Head of Capital markets for Hungary at Jones Lang LaSalle added: "Allee Shopping Centre has ascertained itself as a new leading retail scheme on the Budapest market and we think that Allianz's investment at this point in the cycle was perfect timing."