Allianz Real Estate raises $2.3bn

The firm held a final close on its Asia-Pacific core fund.

Fund name: Allianz Real Estate Asia-Pacific Core I (AREAP Core I)
Amount raised: $2.3 billion
Stage of fundraising: Final close
Final close date: June 2020

Allianz Real Estate raised $2.3 billion for its new Allianz Real Estate Asia-Pacific Core I fund, which it hopes to invest in core real estate investments throughout Japan, Australia, Hong Kong, China and Singapore. The fund is Allianz Real Estate’s first third-party equity fund and was created through the partnership between Allianz and The National Pension Service of Korea.