Allianz Real Estate, the real estate investment and asset manager of the Allianz Group, saw its assets under management (AUM) increase to EUR73.6bn as at the end of 2019, a rise of 16% year-on-year. Equity investments increased 20% to EUR52.9bn while debt financing reached EUR20.7bn, up 8% year-on-year. Across the year, the firm introduced a range of new strategies to secure stable returns for its global investor base.
“Allianz Real Estate has delivered an exceptional year of growth and expansion, with increased penetration across asset classes, sectors and strategies. Diversification remains fundamental to our success, and this has been evidenced by our growth in Asia, the strength of our US and European debt business and our logistics portfolio, which increased 36% to EUR7.5bn in AUM,” said Francois Trausch, CEO & CIO of Allianz Real Estate.
While Europe remained its largest market overall, with total assets up 14% to EUR48.9bn, growth was particularly pronounced in the Asia-Pacific region, which rose 83% to EUR5.5bn. In the US, Allianz Real Estate closed a record number of debt deals (60), with overall US AUM up 10% to EUR18.1bn.
Over the 12-month period, Allianz Real Estate opened new offices in London, Luxembourg and Stockholm, bringing the total number of offices it has across the world to 21. The firm also continued to expand its global team with a number of senior hires in Europe, the US and Asia-Pacific.
Source : Company