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14 February 2012
Stockholm
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22 February 2012
London
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03-04 May 2012
Vienna, Austria
Allianz's E2.5bn property target helped by yields
The giant German insurance group Allianz is targeting E2.5bn at real estate this year or next to boost its property asset base and raise its overall portfolio yield levels as it seeks to increase allocation to 7% of total assets - implying medium-term purchases up to E13bn. Stefan Brendgen, CEO of Allianz Real Estate Germany, told the CIMMIT conference: "Allianz comes from a position of 4% allocation to real estate, which means practically from nowhere, and we want to go up to 6% or even 7%." (See upcoming PIE editions for full story)