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31 May 2012
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20 June 2012
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Allianz, AMB in E470m EU logistics JV
Allianz Real Estate has formed a E470m logistics JV fund with US-based logistics developer AMB to invest in the euro zone. Its initial equity commitment will be E400m, while AMB co-invests 15%. Allianz RE CEO Olivier Piani said it is group strategy to invest indirectly where it does not have adequate direct expertise, and the JV is its biggest foray into logistics so far.