January 22, 2018 / 3:08 PM / in 7 months

BRIEF-AXA unit buys large Portugal shopping mall for 230 mln euros

Jan 22 (Reuters) - AXA Investment Managers - Real Assets, the real estate investment subunit of French insurer AXA :

* ACQUIRED THE DOLCE VITA TEJO SHOPPING CENTRE IN LISBON, PORTUGAL FOR 230 MILLION EUROS ($281.5 million) FROM U.S. HEDGE FUND BAUPOST GROUP AND SPAIN-BASED EUROFUND GROUP

* DOLCE VITA TEJO IS THE COUNTRY’S SECOND-LARGEST SHOPPING MALL

* REDEVELOPMENT PROGRAMME TO BE COMPLETED IN 2019, WITH ADDITIONAL LETTABLE SPACE AND UNITS, INCLUDING A WATER PARK, THEME PARK

* PREVIOUS OWNERS BOUGHT THE MALL THREE YEARS AGO FOR 170 MILLION EUROS Source text: goo.gl/yW69LS Further company coverage: ($1 = 0.8171 euros) (Lisbon Newsroom)

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