North & Central Europe 

Austria, CEE, Germany, Ireland, the Nordics, UK

"Our investment approach is pro-active with the goal of generating stable cash flows for our investors while seeking and acting on opportunities to drive asset value. Establishing strong relationships with partners in specific regions and segments is another core pillar in our investment and management strategy."

Annette Kröger
Chief Executive Officer North & Central Europe

Allianz Real Estate North & Central Europe oversees a real estate portfolio with a market value of €14.5bn. The portfolio is diversified both by product type and regionally - with a major focus on Germany and approximately 25% allocated to other markets. The region mainly pursues a core investment strategy, focusing on office and retail assets in metropolitan areas and capital cities of the region it covers. However, the aim is to actively create value – by selectively pursuing manage to core investment opportunities and performing redevelopment and refurbishment strategies within the existing asset portfolio. Investments are executed both as direct acquisition with full ownership as well as joint venture structures with partners.

The team is spread across seven offices and focus on operational portfolio management, real estate investment management (including acquisition and selective dispositions), commercial and technical asset management, technical management and legal support.

Assets under Management


68% Office

21% Retail 

8% Residential


2% Logistics

1% Other


Data as of 30st June 2021
Sector breakdown of direct equity

Recent highlights

2021-07-28 Allianz signs forward deal for Tower 1 of Frankfurt’s prestigious FOUR development Allianz Real Estate has completed the forward deal to acquire Tower 1 of the new FOUR development in Frankfurt on behalf of a joint ventur... Read More
2021-01-25 Allianz broadens its residential footprint with affordable housing portfolio acquisition Allianz Real Estate, on behalf of several Allianz group companies, has acquired a 300-unit affordable housing portfolio for EUR 135 millio... Read More
2021-01-14 Allianz builds London exposure with first office equity investment Allianz Real Estate, acting on behalf of several Allianz group companies, has increased its London exposure via its first office equity in... Read More

Key contacts

Annette Kröger

Chief Executive Officer
North & Central Europe
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Thomas Villadsen

Head of Austria & CEE

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Lars Fröhling

Head of Asset Management

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Nicole Pötsch

Head of Acquisitions and Sales

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Andersson Real Estate Investment Management AB
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Hietzinger Kai 101-105
1130 Vienna

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