Australia’s Aware Super is teaming up with Dutch pension giant APG and a French institutional investor to buy a 31.3% stake in European Outlet Mall Venture (EOMV) for an undisclosed sum.
EOMV owns and operates four outlet malls in Europe worth 2.6 billion euros (US$3.03 billion).
The three partners are buying the shares from German insurer Allianz’s accounts managed by Pacific Investment Management, Aware Super says in a LinkedIn post on January 16. It did not identify the French institutional investor.
According to the post, the deal was sourced from Aware Super’s UK office.
EOMV’s portfolio comprises 163,523 square metres of retail space across the Netherlands, Austria and Italy, including the Serravalle Designer Outlet.
Aware Super says McArthurGlen, the largest outlet mall operator in Europe, will continue to manage the assets.
“This [acquisition] will help Aware Super capture opportunities in a defensive retail segment with a track record of strong performance,” according to the super fund.
Aware Super had more than 12 million members and A$205.8 billion ($137.9 billion) of assets as of end-2025.
