Allianz Real Estate

Keppel's Alpha and Aliianz to jointly acquire 85% stake in Beijing office complex for $1.3 bil

SINGAPORE (Oct 16): Alpha Investment Partners, the private fund management arm of Keppel Capital, is partnering with Allianz Real Estate to jointly acquire an 85% stake in a Grade A office complex building in Beijing, China. 

In a bourse filing on Tuesday, Keppel Corp reported that the remaining 15% of the complex, Ronsin Technology Center, will continue to be held by the seller D&J China, a leading integrated business park and suburban office operator.

Khazanah, Temasek to sell part of joint Singapore property for about $1.6 bil

(July 30): A joint venture between Malaysia sovereign wealth fund Khazanah and Singapore state investor Temasek is selling the office and retail units of its DUO property development in Singapore, it said late on Monday.

The joint venture named M+S will sell all the shares of its wholly owned subsidiary, Ophir-Rochor Commercial, worth $1.575 billion to Allianz Real Estate and private equity firm Gaw Capital Partners.

Keppel REIT divests 20% stake in Ocean Financial Centre to Allianz RE for $537 mil

SINGAPORE (Nov 30): Keppel REIT is divesting a 20% stake in Ocean Financial Centre to Allianz Real Estate.

The agreed property value of the 20% minority stake of $537.3 million is 16.8% above Keppel REIT’s historical purchase price of $460.2 million, says the manager of Keppel REIT in a filing this morning.

Keppel REIT currently holds a 99.9% interest in Ocean Financial Centre through subsidiary Ocean Properties LLP (OPLLP).

Keppel Capital’s Alpha fund and Allianz in JV to acquire property in Shanghai business park

SINGAPORE (Sept 13): Alpha Asia Macro Trends Fund III (AAMTF III) and Allianz Real Estate together with a co-investor, are jointly acquiring a prime office building in China for US$48 million ($65.7 million).

Allianz plans to double Asian property investments over 3 years

(Jan 4): Allianz SE’s property unit plans to double investments in Asia over three years as the German firm is drawing in more money from its insurance operations in the region.

Property investments may swell to 3.75 billion euros ($6 billion) by the end of 2020 from about 1.8 billion euros, according to Rushabh Desai, Asia-Pacific chief executive officer of Allianz Real Estate.

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