The Southern European platform of Allianz Real Estate based in Milan is responsible for the Allianz companies' real estate investment and asset management activities in Southern Europe.
The Italian real estate portfolio currently consists of 52 directly-held assets having a total area of over half-million of m². The office, retail and residential properties are mainly located in major cities such as Milan, Rome and Trieste. As of December 31, 2014 the Italian portfolio, including direct and indirect investments, was worth 1.8 billion euros.
The Spanish investment portfolio of Allianz Real Estate consists mainly of direct investments in the office and mixed-use sector mainly located in Madrid and Barcelona. As of December 31, 2014 Allianz Real Estate manages a portfolio of 73 Spanish properties, worth more than half billion euros.
In alignment with the investment strategy of Allianz, Mauro Montagner - CEO of Allianz Real Estate Italy - and his team of real estate experts are screening the market in Southern Europe for direct equity investments as well as debt investments, while continuing to manage the existing portfolio.