PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Allianz targets E2.5bn at real estate this year, helped by yield pickup-Brendgen
German insurer Allianz is targeting E2.5bn at real estate this year to boost its property allocation and raise portfolio yield as it seeks to raise allocation to 7% of total assets, says Stefan Brendgen, CEO of Allianz Real Estate Germany. Unlike open-end funds, he told PIE on the sidelines of a conference, Allianz does not have liquidity considerations, but can take equity directly out sales of low-yielding bond an invest in property acquisitions.