Allianz increases debt financing facility for Parndorf designer outlet in Austria to EUR185m

Munich, 09/30/2019

Allianz has increased its debt financing for McArthurGlen Designer Outlet Parndorf in Austria by EUR93 million for owners McArthurGlen and Simon Property Group. The new financing takes Allianz’s total commitment to EUR185 million, including the initial loan provided in 2015. The financing, which covers Phases 3 and 4 of the property, was completed by Allianz Real Estate on behalf of several Allianz companies.

Parndorf is a prime, high-end designer outlet located outside Vienna, near Austria’s border with Hungary and Slovakia. It is managed by best-in-class outlet operator McArthurGlen. 

Allianz Real Estate has financed three high-performing outlet centres managed by McArthurGlen: Roermond in the Netherlands in 2014, with a top-up in 2016; Parndorf in Austria in 2015; and Noventa di Piave (Italy) in 2018.

“We are delighted to be once again supporting Parndorf, one of Europe’s leading, premium designer outlet centres, which continues to perform very strongly. McArthurGlen is one of the foremost specialists in developing and managing outlet centres in Europe - a sector in which performance is driven by the quality of asset management - and this latest financing reflects the strength of our relationship and the strength of the asset,” said Roland Fuchs, Head of European Debt, Allianz Real Estate.

“We are extremely pleased to continue our long-time relationship with Allianz Real Estate. For over 15 years they have been trusted business partners, providing both debt and equity,” said Mark Epstein, Chief Financial Officer, McArthurGlen Group.

Press Contact:

When introducing a property investment opportunity to PIMCO Prime Real Estate you acknowledge that we are under no obligation to accept your introduction or enter into any agreement with you. Fees, commission or other payments in respect of introductions shall only be payable where there is a signed written agreement to that effect entered into between PIMCO Prime Real Estate and the introducer. By submitting an introduction to PIMCO Prime Real Estate you shall be deemed to have accepted the aforementioned terms.

"PIMCO Prime Real Estate” is a PIMCO company that includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC, and their subsidiaries and affiliates: PIMCO Prime Real Estate GmbH (Company No. 158768, Seidlstrasse 24–24a, 80335 Munich, Germany), PIMCO Prime Real Estate GmbH Belgium Branch (VAT No. BE 0841.512.711, Boulevard Roi Albert II, 32, 1000 Brussels, Belgium), PIMCO Prime Real Estate GmbH France Branch (SIRET No. 509 339 669 00053, 50-52 Boulevard Haussmann, 75009 Paris, France), PIMCO Prime Real Estate GmbH Italy Branch (Numero REA MI-2107576, Piazza Tre Torri, 3 20145 Milano, Italy), PIMCO Prime Real Estate GmbH Spain Branch (NIF W2760686B, Paseo de La Castellana, 200 Edificio Spaces, 28046 Madrid, Spain), PIMCO Prime Real Estate GmbH Sweden Branch (VAT No. SE516411865401, Norrlandsgatan 18, 111 43 Stockholm, Sweden), PIMCO Prime Real Estate GmbH UK Branch (Company No. FC036236, 11 Baker Street, London W1U 3AH, United Kingdom), PIMCO Prime Real Estate Asia Pacific Pte Ltd (UEN 202000233H, 12 Marina View #17-02 Asia Square Tower 2, Singapore 018961), PIMCO Prime Real Estate (Shanghai) Co, Ltd (Company No. 91310115MA1K4KBT0L, 479 Lujiazui Ring Road​, Shanghai Tower, Pudong New District ​, Shanghai 200120​, People’s Republic of China​), PIMCO Prime Real Estate Japan GK (Company No. 0104-03-022895, 1-6-2 Marunouchi, Chiyoda-ku, Tokyo 100-0005, Japan), PIMCO Prime Real Estate LLC (File No. 5234055, 1633 Broadway, New York, NY 10019-6999, USA). PIMCO Prime Real Estate LLC is a wholly-owned subsidiary of Pacific Investment Management Company LLC, and PIMCO Prime Real Estate GmbH and its affiliates are wholly-owned by PIMCO Europe GmbH. PIMCO Prime Real Estate GmbH operates separately from PIMCO. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company LLC.

PIMCO Prime Real Estate is a trademark of PIMCO LLC and PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world.