Allianz Real Estate Germany has appointed Mathias Gross to the position of head of Asset Management with effect from 1 April 2011. Gross (45) will report directly to the German CEO, Stefan Brendgen and COO Alexander Gebauer.

Gross will take on this new role alongside his current position as head of the asset management division responsible for northern Germany.

Allianz Real Estate Germany has been restructuring its portfolio over the past few years, switching investment focus to core retail and office assets in strong locations with a volume of EUR 50 mln or above. Accordingly, assets in second tier locations or of a smaller size are being sold.

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