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13 September 2010

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Property Finance News

Germany's Allianz on path toward e15bn-plus real estate investment

The giant German insurance group Allianz, after hesitations and false starts, has hired the highly-respected Olivier Piani as head of its real estate subsidiary and given him carte blanche to build an investment and asset management company - and to spend e15bn-plus in the relatively near term on expanding the portfolio.

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