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 expertise. In a statement, they said the respective leadership teams will work together in the coming ...
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