Allianz Real Estate reaches EUR50bln global portfolio following new investments of EUR5.8bln in 2016

Allianz Real Estate reaches EUR50bn global portfolio following new investments of EUR5.8bn in 2016 and expands footprint into the UK

EUR3bn investment growth globally through direct and indirect equity investments in 2016 – Real estate financing climbs by EUR2.8bn across Europe and US in 2016 – Senior financing of the London landmark ‘Citypoint’ brings UK debt exposure to ca. EUR300m – 2016 and the first quarter of 2017 sees Allianz Real Estate continue its expansion path into new regions, sectors and investment styles.

“2016 was a very active year for us,” declared Francois Trausch, CEO of Allianz Real Estate. “Given the ongoing low interest rates, the Allianz companies continue to find real estate an attractive investment opportunity. We have expanded our portfolio strategy to 24/7 megacities such as New York, Shanghai and London, as well regionally to Asia Pacific and Iberia. Over 2017 we will look to further diversify our portfolio geographically and product wise.”

“We have meaningful ambitions for the years ahead and plan to continue the strong delivery made in the last 12 months. 2016 saw us strengthen our market position by developing new joint-ventures or nurturing existing partnerships with leading actors in their respective regions or segments. For 2017, we are looking into further developments in Asia – particularly China and India – but office and logistics opportunities in Western Europe will remain at the heart of our investment strategy. 2017 has had a strong start, with our purchase of the office project development Kap West in Munich, the consolidation of our investments with Prologis, and the expansion into global opportunistic strategies. Lastly, our involvement in the financing of London’s Citypoint is an early footstep in the UK, allowing us to deepen our understanding of the market before making our equity debut,” commented Olivier Téran, Chief Investment Officer of Allianz Real Estate.

Source: Allianz Real Estate

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