Allianz and PIMCO to create €100bn real estate giant
'Excellent growth opportunity'
The deal will see Allianz end up with €100bn of real estate assets in Europe, the US and Asia Pacific
Allianz SE will transfer its shares in Allianz Real Estate to fixed income specialist firm PIMCO in a bid to create one of the world’s largest global real estate investment managers, according to the firms.
Allianz Real Estate, which currently has more than €70bn of assets under management (AUM), will end up with €100bn of real estate assets across Europe, the US and Asia Pacific. The firms said they were...
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