Allianz Real Estate to grow Asia investment to 15% of AUM or €11.1bn
Allianz Real Estate is planning its very own pivot to Asia and is willing to back its ambitions to the tune of €4 billion in the coming years.
Allianz Real Estate, the captive investment and asset manager for the Allianz Group, currently has €7.1 billion under management in Asia, comprising 9.6% of its total €74 billion AUM. However, Rushabh Desai, CEO of Allianz Real Estate’s Asia Pacific business told AsianInvestor that in the coming years the target is to increase this to close to 15% or the equivalent of €11.1 billion.
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