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Sign in Sign up for a FREE subscriptionAllianz Real Estate plans to launch multifamily fund in Japan
Allianz Real Estate is planning to launch a multifamily fund targeting opportunities in Japan, according to Mingtiandi.
Allianz is reportedly seeking $1 billion in gross asset value for the new fund and is in the process of identifying a partner for the investment initiative.
“We have just launched a Japanese residential strategy whereby like-minded institutional investors can come and invest alongside Allianz,” said Rushabh Desai, the company’s chief executive for Asia Pacific. “The idea being, Allianz and one or two other like-minded investors would form a partnership to invest into Japanese residential, where we would look to go slightly up the risk curve as well and buy directly from developers, taking up leasing risk and on a selective basis doing some value-add type of strategies.”
The fund announcement follows the appointments of Daisuke Noguchi as