By Guy Montague-Jones2020-03-11T08:09:00
PIMCO is set to assume oversight of Allianz Real Estate in a deal that will create a real estate investment platform with over $100bn of assets under management.
Under the terms of the new arrangement, ownership of Allianz Real Estate will move from Allianz to PIMCO, which is ultimately owned by Allianz. The real estate business will therefore shift from Allianz’s investment division to its asset management arm.
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