Allianz 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