Allianz Real Estate, the property arm of German insurer Allianz, intends to grow its property portfolio by up to EUR 15bn within the next five years, as part of the company's strategy of building a global asset management and insurance platform, said Olivier Piani, Allianz Real Estate's new global head.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
