Allianz and Pimco to create €100bn real estate giant

'Excellent growth opportunity'

David Brenchley
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The deal will see Allianz end up with €100bn of real estate assets in Europe, the US and Asia Pacific
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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 complementary in terms of geography, products, investor coverage, people and exper...

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