Allianz Real Estate completed the acquisition of the prime last-mile logistics facility of Exeter Property Group for €72m.

Allianz Real Estate, a captive investment and asset manager for real estate, completed its acquisition of the prime last-mile logistics facility of Exeter Property Group, a real estate investment management firm, for €72m ($87m). "While we have acquired logistics assets in North & Central Europe indirectly, this is our first direct transaction in the region. We have built, and continue to build, one of the most well-positioned logistics portfolios globally, including last-mile centers, and this facility in Austria again underscores our focus on the highest quality assets," Hugues Braconnier, Allianz Real Estate Head of Logistics.