German insurer Allianz is to invest €140 million in Irish commercial property investment vehicle IPUT.
IPUT, which has funds under management totalling €1.2 billion, is primarily invested in prime large scale commercial office and retail properties located in central Dublin.
Allianz chief investment officer Charles Pridgeon said the economy recovers in Ireland and domestic demand improves, Allianz sees the potential for strong long term income returns at attractive levels for its stakeholders.
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