Asia Pacific seen as target for Pimco-Allianz RE merger
Once the deal is done, the $100 billion-plus juggernaut is expected to ramp up its Asia exposure, with Pimco likely helping Allianz Real Estate to build a third-party client business.
Increasingly fierce competition is dawning for investors and asset managers in Asia Pacific’s commercial real estate markets. And while new pan-regional funds are launched regularly and transactions set a new record last year, a new powerhouse might be ready to enter the ring.
On March 10, Allianz-owned asset manager Pimco said it would assume oversight of Allianz Real Estate, the property investment business of Germany's Allianz Group. The shares of Allianz Real Estate will be tr…
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