Wednesday
13 December 2017
ADVERTS

Allianz RE inks its first Italian real estate debt investments

20 July 17 - Irene Theofanidou
Allianz RE inks its first Italian real estate debt investments

COMPANIES

NBG PANGAEA

REIΤ - GREECE

IBI Group

Consultant - GREECE

Zeus

Fund - GREECE

ETAD.A.E.

Public entity - GREECE

PEOPLE

Aristotelis Karytinos

CEO of NBG Pangaea REIC NBG Pangaea REIC

Antulio Richetta

Director IBI Group
Insurance group Allianz has made its first real estate loan in Italy, by co-financing a retail and office development in Piazza del Duomo in central Milan.

 

The asset – a seven-storey building with 9,000sqm of space – is owned by clients of CBRE Global Investors.

According to realestate.ipe.com, the financing was arranged and co-financed by Natixis, Milan, while Allianz Real Estate implemented the transaction within Allianz. Within the past 12 months, Allianz Real Estate has diversified geographically by providing debt loans in Spain, the Netherlands and the UK.

Its European commercial real estate business reached €5billion in the first quarter of 2017. The deal confirms the attractiveness of the Italian market, said Klaus-Peter Roehler, chief executive of Allianz Italy.

Comments

You must be logged in to make a comment
WAVE MEDIA OPERATIONS IKE © 2001-2017
Internet Business Hellas