Allianz Real Estate invests in pan-Asian Fund

Munich, 06/29/2016

Allianz Real Estate has committed $150 million into the PAG's Real Estate Partners Fund (PREP) – a core-plus pan-Asian fund.

PAG is a leading alternative investment management firm based in Hong-Kong with $16 billion of equity under management across private equity, real estate and absolute return strategies. PAG was raising $1.3 billion for its first core-plus regional fund.

"After the built-up of an attractive position in the Australian logistics sector earlier this year, Allianz Real Estate is accelerating the momentum of its investments in Asia" said Olivier Téran, CIO of Allianz Real Estate. "With 50% of the fund nearly invested and a proven track-record, PREP is a strong proposal to access core markets in Asia such as Japan, China, Australia, Korea and Hong-Kong", he added.

The investment will be managed out of Allianz Real Estate´s Singapore office.

Tagged with:

Asia Pacific Indirect

Press Contact:

Allianz Real Estate GmbH and Allianz Real Estate of America, their subsidiaries and affiliates are known jointly as “Allianz Real Estate”. Allianz Real Estate is a PIMCO company. When introducing a property investment opportunity to Allianz Real Estate you acknowledge that we are under no obligation to accept your introduction or enter into any agreement with you. Fees, commission or other payments in respect of introductions shall only be payable where there is a signed written agreement to that effect entered into between Allianz Real Estate and the introducer. By submitting an introduction to Allianz Real Estate you shall be deemed to have accepted the aforementioned terms.
PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world.  ©2022, PIMCO.