Allianz takes £310m stake in Singapore’s Ocean Financial Centre

Singapore Ocean Financial Centre

Global financial services giant Allianz has acquired a significant stake in Singapore’s Ocean Financial Centre as part of plans to focus its real estate investment on Asia-Pacific.

Allianz Real Estate has outlined plans to allocate up to 10% of its €60bn real estate exposure to Asia-Pacific and in the first major investment has acquired a 20% stake in the 43-storey tower in the capital of Singapore for $(S)537m (£310m) from Keppel REIT.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue