NEW YORK - Allianz SE said on Friday it closed its acquisition of a stake in New York’s second-tallest office tower for 342 million euro and an undisclosed amount of debt, increasing its footprint in the city’s fashionable Hudson Yards.
The deal’s closing makes New York the fifth most significant city for Allianz’s real estate portfolio, the German insurer said. “It has become a magnet for tourists,” Donner said in an interview. “New York is a mega city, and these mega cities will continue to do well, they will continue to drive interest from tenants and tourists,” Donner said.
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