TH Real Estate acquires 50% stake in the Kamppi Centre

TH Real Estate has agreed to acquire a 50% stake in the Kamppi Centre, a prime shopping centre located in Helsinki, Finland from Barings Real Estate Advisers, acting on behalf of the Nordic Retail Fund, thereby creating a 50:50 joint venture partnership between Allianz and TH Real Estate. Avance advises TH Real Estate on the transaction.

The 50% stake, which values the centre at over EUR 500 million, is to be acquired on behalf of TH Real Estate’s flagship pan-European investment vehicle, the European Cities Fund, which was launched in 2016.