TIAA-CREF and CNP Assurances have formed a joint venture to invest $1.2 billion in three retail properties in Germany. The New York-based financial services organization acquired the assets and will manage them on behalf of the joint venture. TIAA-CREF developed one of the shopping centers: Erlangen Arcaden in Erlangen, Germany. The other two properties are PEP in Munich and Gropius Passagen in Berlin. This is the first time TIAA-CREF has worked with CNP Assurances, a leading French ...
NREIonline.com Freemium Content
"TIAA-CREF, CNP Assurances Form $1.2B JV for German Retail Properties" is FREE to access as a registered user on NREIonline.com.
Why Register for NREIonline? It's simple and free, and here is what you get:
- Access to leading real estate industry research.
- Interactive rankings of commercial real estate professionals.
- Submit your own articles, (if approved) which will appear around the site.
- Ability to comment and interact on all site content.