Property News · July 9, 2018

Allianz Real Estate targets raising investment in Chinese new economy, logistics, says Apec CEO


The property investment arm of German financial services giant Allianz expects China to soon account for up to half of its Asia-Pacific fund allocation, up from the current 40 per cent, with a focus on the new economy and logistics sectors.
Rushabh Desai, its Asia-Pacific chief executive, revealed on Monday the insurer and asset manager has just bought an office tower in a Beijing software park, already fully leased out to Chinese tech firms.
It expects to complete another purchase in a…

Source : South China Morning Post
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