Allianz Real Estate intends to invest as much €500 million in CEE property over the next two years, according to a Bloomberg article.
Thomas Villadsen, Head of Austria and CEE at Allianz Real Estate told Bloomberg that Allianz will look at investments in the capital cities of Warsaw, Prague, Bratislava, Budapest or Vienna, while staying away from Southeastern Europe, where it considers political and economic risks too high.
Allianz plans to grow real estate investments in Austria and CEE to as much as €5 billion within 10 years, from the current level of €3 billion, Villadsen added. Apart from office space, the Munich-based investor is also looking at residential properties and logistics.
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