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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
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Allianz Real Estate raises acquisition tempo in Germany, France
Allianz Real Estate is raising the tempo of acquisitions in 2010, with its most recent deal, late in 2009, being a E100m office building in Munich sold by energy group E.on. It has no fewer than three high-rise blocks in development in Paris. Olivier Piani, global head, told the Expertise Pierre magazine the group intends to be very active on the French investment market. Allianz intends to boost property holdings to around E30bn by 2013 from E18bn at present. In Germany, Stefan Brendgen, CEO of Allianz Real Estate Germany, said the Munich asset is a further milestone on Allianz's path to intensive investing in 2010.