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Allianz RE grows European debt portfolio to over €10 billion

Allianz Real Estate, the property arm of global insurer Allianz Group, has seen its European debt portfolio grow to €10.6 bn in assets under management as at the end of 2020, up by around 15% year-on-year. 

The firm delivered €1.9 bn in new investments across the year, with capital deployed by its Luxembourg-based European debt fund, Parec, increasing to more than €4 bn, up by a third, the firm said. 

Overall, the firm’s European debt portfolio is now spread across 12 countries in the region, including a logistics transaction in the Czech Republic – a €185 mln participation in joint deal to refinance a logistics and industrial portfolio managed by CTP – which closed in December. 

Roland Fuchs, head of European debt at Allianz Real Estate, said: 'Despite the Covid-19 pandemic and the respective challenges of 2020, we were able to foster attractive financing opportunities providing improved risk-return profiles triggering our European debt business to continuously grow in size and geographic footprint.

'Importantly, we have grown while maintaining our disciplined approach to lending. Our deep relationships with our partners, sponsors and borrowers, coupled with our unparalleled understanding of the market and the expertise of the pan-European debt team, has meant that along with the increase in assets under management, we navigated the crisis with no defaults on loan repayments.'

Source: propertyeu.info on 12 January (https://propertyeu.info/Nieuws/Allianz-RE-grows-European-debt-portfolio-to-over-10b/a97fa12e-aba2-4286-a9ee-96334a89e881)