The Australian Aware Super Pension Fund has bought out a 31.3% stake in the European Outlet Mall Venture (EOMV) platform, betting on European shopping malls. This is reported in the press release of Aware Super.
EOMV operates four shopping malls in the Netherlands, Austria and Italy with a total value of 2.6 billion euros ($3 billion). Aware Super's partners are the Dutch pension fund APG and a French institutional investor.
The deal is one of the largest acquisitions of the Aware Super fund in the European real estate market in line with the strategy to globalize the portfolio of assets, the total value of which is 210 billion Australian dollars ($ 140 billion).
The European real estate sector is recovering from years of declining rents caused by the growth of e-commerce, the coronavirus pandemic and a sharp increase in interest rates. The lack of new development and the conversion of excess retail real estate for other purposes also contributed to the growth.
Retail investment in Europe increased by 16% to 24.6 billion euros in the first nine months of 2025. Shopping malls were particularly popular with investors, accounting for 42% of investments between January and September 2025.
Having chosen Europe as a priority, Aware Super opened an office in London (England) in 2023, and in 2025 created a joint venture with Delancey Real Estate, which has already invested part of the planned 1 billion pounds ($1.35 billion). In July 2025, Aware Super acquired APG's stake in the apartment hotel operator.
Aware Super is Australia's largest industry-based pension fund, headquartered in Sydney, Australia.
Read also in our Telegram channel "Mergers and acquisitions. AK&M».
