PIMCO has officially assumed the leadership and oversight of Allianz Real Estate.
This partnership is among the world’s largest and most diversified commercial real estate platforms, managing more than $100 billion in core, core-plus, value-add and opportunistic real estate assets around the world.
First announced by PIMCO and Allianz Real Estate in March of this year, this partnership expands PIMCO’s access to talent, resources and data, which should enhance the firm’s existing private strategies platform, particularly those investment vehicles which emphasize real estate. Allianz Real Estate has historically been the captive real estate arm of Allianz’s multiple global insurance balance sheets and has grown into a successful investment engine. The portfolio holds more than €50 billion ($59 billion) in private real estate equity and more than €20 billion ($23 billion) in privately originated real estate debt. This global franchise is highly complementary
