Allianz, TH Real Estate to raise $750m for China outlet mall fund

Allianz, TH Real Estate to raise $750m for China outlet mall fund

Pedestrians walk past commercial buildings illuminated at dusk in the Lujiazui Financial District in Shanghai, China. Photographer: Qilai Shen/Bloomberg

Asset manager Allianz and realty investor TH Real Estate have set up a $750 million fund, ERES APAC II – China Outlets, a core-plus and closed-ended USD-denominated fund that will invest in premier outlet malls in China.

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