Allianz signals EUR 3.5bn property sale

By A staff reporter 2007-05-04T00:00:00

Allianz intends to sell EUR 3.5 bn of its real estate assets, about half of its German property portfolio, to fund acquisitions in property markets abroad, Dirk Grosse-Wördemann, head of Allianz's property business, told business newspaper the Financial Times. Europe's biggest insurance company is planning to reinvest the capital in ...

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