Rushabh Desai, former Asia Pacific CEO of Allianz Real Estate, has joined forces with Stephen Gaitanos and Craig Carracher, the co-founders of rental housing developer Scape Australia, to launch Varsity Group Asia, a fund management business targeting high-growth alternative real… Read More>>
Rush Desai to Step Down as Head of Asia Pacific for Allianz Real Estate
After building Allianz Real Estate into one of Asia Pacific’s most active investors, Rushabh Desai is leaving the property investment division of the European insurance heavyweight to pursue other interests, according to the Munich-based firm.
“After more than five years,… Read More>>
Allianz, Ivanhoe Cambridge Team Up for $2B Japan Multi-Family Strategy
Following through on an initiative first revealed on MTD TV in May of this year, Allianz Real Estate today announced a $2 billion strategy for investing in Japanese rental apartments, together with Canadian pension fund manager Ivanhoe Cambridge.
The European… Read More>>
Allianz, Gaw, KKR and Colliers to Lead MTD TV Office Forum on 19 October
Asia’s largest economies are continuing to struggle to move past the pandemic, with cities such as Singapore, Hong Kong and Tokyo still sketching out recovery plans, and real estate investors continuing to measure the impact of lockdowns and work-from-home arrangements.
Allianz Real Estate Ups Japanese Holdings With $89.5M Tokyo Apartment Buy
The world’s largest institutional investors continue to bet on Japanese rental apartments for their resilient returns, with Allianz Real Estate announcing on Friday that it had entered into an agreement to acquire a portfolio of Tokyo assets for €75 million… Read More>>
Allianz Real Estate Grew APAC Portfolio by 16% in 2020 Despite Pandemic Challenges
The COVID-19 pandemic drove down investment in commercial real estate across Asia Pacific by 36 percent in the first nine months of 2020, but one of the biggest purchasers of property assets in the region still managed to boost its… Read More>>
Allianz Buying Tokyo Apartment Portfolio for $160M
Allianz Real Estate announced today that it has agreed to spend $160 million to add to its portfolio of Japanese apartments on behalf of its APREAP Core 1 Fund.
The property investment unit of the European insurance giant is acquiring… Read More>>
Allianz Expands Japan Multifamily Portfolio with €110M Tokyo Buy
Allianz Real Estate has braved the downturn in Japan to pick up a portfolio of multifamily properties in Tokyo for €110 million ($122 million), announcing the deal just weeks after the property investment arm of the European insurance giant opened… Read More>>
Allianz Real Estate Opens Offices in Shanghai and Tokyo in APAC Expansion
Allianz Real Estate, the property investment arm of the European insurance giant, opened offices in China and Japan this month as part of an Asia Pacific expansion drive which saw the company grow its portfolio in the region by 83… Read More>>
Allianz Fund Buys India Office Complex from Tishman Speyer, GIC for $250M
A fund backed by Allianz Real Estate and Indian developer Shapoorji Pallonji Group has notched India’s biggest commercial real estate deal of the year as the managers of the investment vehicle have agreed to purchase a landmark Hyderabad office development… Read More>>