The ECE European Prime Shopping Centre Fund II managed by ECE Projektmanagement G.m.b.H & Co. KG, Investment Arm agreed to acquire an unknown stake in intu Asturias from intu properties plc (LSE:INTU) and Canada Pension Plan Investment Board for €290 million on January 28, 2020. Allianz Real Estate provided €180 million to The ECE European Prime Shopping Centre Fund II. The transaction is expected to complete in the next week. intu properties plc will use the net proceeds to repay debt with the transaction reducing loan to value by around 1 percent. The ECE European Prime Shopping Centre Fund II managed by ECE Projektmanagement G.m.b.H & Co. KG, Investment Arm acquired intu Asturias from intu properties plc (LSE:INTU) on February 3, 2020. Adolfo Guerrero, Alejandro Meca, Jaime Perez Bustamante, Fredrik Lowhagen and Pablo Medina of Linklaters, S.L.P. acted as legal advisors to Canada Pension Plan Investment Board and intu properties plc. EY Spain acted as due diligence provider to ECE Projektmanagement G.m.b.H & Co. KG, Investment Arm. Ernst & Young served as financial advisor to ECE Projektmanagement G.m.b.H & Co. KG, Investment Arm. The ECE European Prime Shopping Centre Fund II managed by ECE Projektmanagement G.m.b.H & Co. KG, Investment Arm completed the acquisition of an unknown stake in intu Asturias from intu properties plc (LSE:INTU) and Canada Pension Plan Investment Board on February 14, 2020.