Allianz RE forays into Japan’s residential market with $1.2b asset purchase

Allianz RE forays into Japan’s residential market with $1.2b asset purchase

Allianz Real Estate, the real estate investment unit of German insurance major Allianz Group, is paying EUR1.1 billion ($1.20 billion) to acquire a portfolio of multi-family residential assets in Japan from Blackstone managed funds, marking the firm’s foray into the Japanese residential market.

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