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Mapfre & MAEG Endow their Jointly-Owned Real Estate Fund with 4 Assets Worth €250 Million

One of the transferred assets is located on Avenida General Perón in Madrid, an office building with a net leasable area of 20,947 square metres.

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Mapfre’s office building on Avenida General Perón 40 in Madrid.
 

Mapfre and MEAG, the asset manager of Munich Re, have taken their new European core office real estate fund, which was launched in April 2022, to the next level. The two insurers, who were the initial investors in the fund, have transferred the first assets, specifically four high-quality properties located in Germany and Spain, to MEAG EuropeOfficeSelect EOS SCSp SICAV RAIF, a Luxembourg-based alternative investment fund.

The two insurance groups have been collaborating successfully for many years and this alliance represents a new milestone, since, with the new fund, they have extended the scope of their strategic association to the field of asset management for the first time.

Read the full article in Spanish.

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