Allianz Real Estate buys residential assets in Tokyo for $122m

Allianz Real Estate buys residential assets in Tokyo for $122m

The logo of Europe's biggest insurer Allianz SE is seen on the company tower at La Defense business and financial district in Courbevoie near Paris, France, March 2, 2016. REUTERS/Jacky Naegelen/File Photo

Allianz Real Estate, the real estate investment unit of German insurance major Allianz Group, has paid €110 million (about $122 million) for a portfolio of multi-family residential assets in Tokyo, Japan.

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