Joe Valente, head of research at property advisor DTZ, is joining Allianz Real Estate where he will head the portfolio management and strategy division. 'We are very pleased that Joe Valente is joining our company', said Karl Ralf Jung, chairman of the board of Allianz Real Estate, in a statement. 'In him, we will have a worldwide recognised real estate expert who will support us in the continued development of the Allianz international real estate investment management with his profound expertise and extensive experience.'

Joe Valente, head of research at property advisor DTZ, is joining Allianz Real Estate where he will head the portfolio management and strategy division. 'We are very pleased that Joe Valente is joining our company', said Karl Ralf Jung, chairman of the board of Allianz Real Estate, in a statement. 'In him, we will have a worldwide recognised real estate expert who will support us in the continued development of the Allianz international real estate investment management with his profound expertise and extensive experience.'

As head of Research at DTZ, Valente oversaw a team of 150 specialists involved in numerous international projects for real estate owners, developers and investors. Valente will begin work at Allianz Real Estate on 1 July 2008.

Munich-based Allianz Real Estate GmbH was founded at the beginning of 2007 as a real estate investment management company. It is responsible for the complete strategic control of the real estate investments of the Allianz insurance companies and takes all risk / return aspects into consideration. The company is a 100% subsidiary of Allianz Alternative Assets Holding.