Business e via Italy - Allianz Real Estate Closes $154M Acquisition in Milan

Business e via Italy - Allianz Real Estate Closes $154M Acquisition in Milan. The company purchased the office asset in a sale-leaseback transaction with Crédit Agricole Italia. Allianz Real Estate, the investment and asset manager for real estate within Allianz Group, is expanding its Italian portfolio with the acquisition of a prime office asset in Milan, Italy, in a sale-leaseback deal with Crédit Agricole Italia for $154 million, or €140 million. The transaction was made on behalf of several Allianz group insurance companies and acquired through an existing fund structure managed by Kryalos SGR.

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