Highlight 4 March 2020

Krogerus advises Elo on the joint venture agreements relating to Sierra Prime, a €1.8Bn strategic joint venture invested in prime Iberian shopping centres

The Sierra Prime portfolio includes three assets in Greater Lisbon (Centro Colombo, Centro Vasco da Gama, CascaiShopping), NorteShopping in Greater Porto, Plaza Mayor in Málaga and the recently opened McArthurGlen Designer Outlet in Málaga. In connection with the formation of Sierra Prime, Mutual Pension Insurance Company Elo and Allianz enter into the joint venture as new institutional investors. We advised Elo on matters relating to the joint venture agreements.

Partner Pyry Somervuori led the Krogerus team and he was mainly assisted by Associate Joonas Parkkinen.

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