Mapfre, S.A. and Stable Income European Real Estate Fund S.C.S. SICAV-SIF - MACQUARIE 2, managed by Macquarie Asset Management Inc., acquired Office Building in Berlin from an unknown fund managed by Ardian.
March 28, 2023
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Mapfre, S.A. (BME:MAP) and Stable Income European Real Estate Fund S.C.S. SICAV-SIF - MACQUARIE 2, managed by Macquarie Asset Management Inc., agreed to acquire Office Building in Berlin from an unknown fund managed by Ardian in December, 2022. Macquarie Asset Management and MAPFRE Inmuebles have advised Stable Income Europe Real Estate Fund Macquarie II in this transaction. Herbert Smith Freehills acted as legal advisor, TAXESS acted as accountant and DREES & SOMMERBERATEN advised Ardian in this transaction.
Mapfre, S.A. (BME:MAP) and Stable Income European Real Estate Fund S.C.S. SICAV-SIF - MACQUARIE 2, managed by Macquarie Asset Management Inc., completed the acquisition of Office Building in Berlin from an unknown fund managed by Ardian on March 1, 2023.
Mapfre S.A. is an insurance group organized around three areas of activity:
- non-life insurance (63.5% of written premiums): automotive insurance (38.3% of written premiums), P&C insurance (26.7%), accident and health insurance (11.4%) and other (33.6%);
- life insurance (19.2%);
- reinsurance (17.3%).
At the end of 2021, products are marketed through a network of 15 354 branches located in Iberia (8,992), Latin America (5,914), Eurasia (420) and North America (28).
Revenues break down geographically as follows: Iberia (41.8%), Eurasia (7.4%), Brazil (18.4%), Latin America (20.9%), North America (10.9%) and other (0.6%).
Mapfre, S.A. and Stable Income European Real Estate Fund S.C.S. SICAV-SIF - MACQUARIE 2, managed by Macquarie Asset Management Inc., acquired Office Building in Berlin from an unknown fund managed by Ardian.