Allianz acquires first PRS portfolio in Spain
Allianz Real Estate, acting on behalf of several Allianz Group companies, has acquired, in an off-market transaction, its first Private Rented Sector (PRS) portfolio in Spain.
The assets have been acquired through a purchase of a controlling stake of a joint venture vehicle, Elix Vintage, owned by global international investor KKR, the private markets specialist Altamar Capital Partners, and other investors, via a tender offer.