Allianz Real Estate, the €56bn real estate manager for Allianz Group has opened an office in Austria in a bid to expand its presence in Central and Eastern Europe.
As part of the expansion, Thomas Villasden has been appointed as director covering Austria and CEE for Allianz Real Estate. He joins from Belgrade-based MPC Properties, where he most recently worked as CEO. Prior to that, he worked among others as general manager and senior vice president for TK Development in Prague.
The opening of the Vienna office follows Allianz Real Estate’s recent acquisition of a an 88,000 sqm office site called “The Icon” which is based near Vienna’s central station.
“With established assets in Slovakia, Slovenia, Poland, Hungary and Austria, Allianz already controls a significant regional real estate portfolio with many prime assets. We are now looking to build on this momentum with the opening of an office in Vienna,” said Annette Kröger, CEO of Allianz Real Estate North & Central Europe.
Allianz’ real estate portfolio has grown by €8.9bn last year of which €5.2bn in equity and €3.7bn in debt investments, Allianz Real Estate now manages €56bn in assets globally.