Aware Super has acquired a 31.3 percent stake in the newly restructured European Outlet Mall Venture (EOMV) platform from Allianz accounts managed by PIMCO.
The acquisition sees the A$210 billion ($141 billion) Australian pension fund partner with Dutch pension giant APG and a French institutional investor in the platform, which will help Aware Super capture opportunities in a defensive retail segment with a track record of strong, operational performance through market cycles.
The platform owns and operates four outlet centers worth €2.6 billion ($1.7 billion), spanning the Netherlands, Austria and Italy, comprising 163,523 square meters (1.8 million square feet) of retail space, serving 45.6 million people within a 90-minute drive, and generating 24.6 million annual visits.
The investment reflects Aware Super’s geographical diversification strategy and selective re-entry into retail, with the platform targeting outlet malls that demonstrate structural resi
