ARTICLES LABELLED WITH TAG Allianz Real Estate

Allianz Real Estate, acting on behalf of several Allianz group companies, and logistics developer VGP have agreed to form a new 50/50 joint venture. The vehicle, the fourth such venture between Allianz Real Estate and VGP since 2016, will develop a portfolio of prime logistics assets in Germany, the Czech Republic, Hungary and Slovakia.

VGP and Allianz Real Estate, acting on behalf of several Allianz Group companies, announced a successful eighth closing with its 50:50 joint venture, VGP European Logistics. The transaction comprised of four logistic buildings, including two buildings in a new VGP park and another two newly completed logistic buildings which were developed in parks previously transferred to the Joint Venture. The four buildings are located in Germany (three) and in the Czech Republic (one).

Allianz Real Estate has purchased the Eiffel Square office building in central Budapest from Hungary’s Green Real Estate Development Investment Fund, managed by Equilor Fund Management, in an off market-deal facilitated by JLL. The transaction was signed in May and closed in early June. Even if several investment transactions were derailed by the Q2 lockdown in Hungary, the transaction progressed in line with the original time frame.

Allianz announced its intention to combine the strengths of PIMCO, one of the world’s premier fixed income investment managers, and Allianz Real Estate, the captive real estate specialist with more than €70 billion of assets under management. This organic move is proposed to strengthen its Alternatives capability by creating one of the world’s most preeminent real estate managers. It will manage over €100 billion in core, value-add and opportunistic real estate across Europe, the US and the Asia-Pacific Region.

VGP NV and Allianz Real Estate, acting on behalf of several Allianz Group companies, announced a successful sixth closing with its 50:50 joint venture, VGP European Logistics. The transaction comprises 13 logistic buildings, including 7 buildings in 3 new VGP parks and another 6 newly completed logistic buildings which were developed in parks previously transferred to the Joint Venture.

Apsys has refinanced the Centrum Posnania retail asset with a 10-years maturity, €300 million senior loan from Allianz - completed by Allianz Real Estate on behalf of several Allianz companies - and that it now owns 100% of the 100,000 sqm property in Poznan, Poland.