PIMCO and its parent company Allianz Group have agreed to transition the management and oversight of Allianz Real Estate to PIMCO.
Allianz Real Estate will become an important component of PIMCO’s growing Private Strategies platform, augmenting PIMCO’s existing opportunistic real estate equity and private lending efforts. Upon completion of the proposed transition, PIMCO will become one of the world’s largest and most diversified real estate investment managers, with more than $100 billion in real estate assets under management, deployed across opportunistic, value-added, core and securities strategies.
Historically, the exclusive real estate investment arm of Allianz and its major insurance subsidiaries, Allianz Real Estate has built a broad and deep organization across its primary markets in Europe as well as the United States and the Asia-Pacific region. Its 440 employees underwrite and manage a property portfolio of more than €70 billion ($79 billion), the
