Clifford Chance advises Allianz Real Estate on acquisition of Düsseldorf's "Kö-Galerie"
Clifford Chance has advised Allianz Real Estate, Stuttgart, on the acquisition of Düsseldorf's "Kö-Galerie" for several insurance companies belonging to Allianz Group. The sellers are investment funds managed by US investment company Blackstone as well as ECE; Hamburg, a company specialized in operating shopping centres. The purchase price amounts to approx. EUR 300 million. The transaction is subject to the approval by the competent antitrust authorities.