Allianz Real Estate Germany

Allianz Real Estate Germany is responsible for real estate investment and asset management by the Allianz companies in Germany, Austria, Switzerland, Eastern Europe and Scandinavia.

Allianz Real Estate Germany is a subsidiary of Allianz Real Estate which forms the strategic umbrella for all real estate investments of Allianz worldwide.

The key tasks of Allianz Real Estate Germany include:

• Operational portfolio management
• Real estate investment management, including direct investment
• Property asset management, including leasing office and retail space
• Technical engineering
• Control of contractors in property and shopping centre management
• Sale of real estate assets

Allianz Real Estate Germany's head office is in Frankfurt. Together with its divisions in Berlin (North), Frankfurt (Central) and Munich (South) as well as the Stuttgart office, it oversees a real estate portfolio with a market value of around five billion euros. The company is one of the biggest lessors of office and retail space in Germany and receives annual rental of around 300 million euros.

Detailed investment profile for direct investments

	Office	Retail
Type of investment	Core	Core, core plus
Size of investment	€50 million and more	€50 million and more
Markets	Germany: Berlin, Hamburg, Frankfurt, Düsseldorf, Cologne, Stuttgart, Munich Austria: Vienna Scandinavia: Stockholm, Oslo, Helsinki CEE: Warsaw, Prague	Same locations as indicated under "Office" For shopping centers additionally mid-sized cities with strong purchasing power as well as fringe locations with a large catchment area
Location quality	Central business district and other established office areas	Prime city-center locations as well as established retail locations
Asset quality	Class A office buildings Flexible space allowing for reletting Ideally assets with "Green" credentials	Pure retail as well as retail assets combined with office or residential space Shopping centers with at least 15,000 m2 sales area
Leases and tenant quality	Long-term leases, tenants with high credit rating Occupancy of 80%+ Multi-tenant or single tenant buildings	Long-term leases, tenants with high credit rating High occupancy Optimized retail mix
Other		Shopping center developments: in case of a strong product forward purchase will be considered