Allianz Real Estate, acting on behalf of several Allianz Group companies, plans to build and develop a series of prime office assets in Germany’s top four cities. The €1.3 billion ($1.4 billion) program is in conjunction with real estate developer EDGE and Bayerische Versorgungskammer (BVK), Germany's largest public-law pension group and an established co-investor of Allianz.
The program will cover new ground-up developments as well as existing stock repositioned for predominantly office use. Each asset will be located in central, well-established submarkets in Berlin, Hamburg, Munich and Frankfurt. The program will be managed jointly by Allianz Real Estate and EDGE during each development phase. Post completion, Allianz Real Estate will take over the management of each asset.
Allianz said each redevelopment will aspire to the highest standards for building quality, have a strong focus on sustainability and user well-being, and will feature smart technologies as we
