Allianz, a Germany-based insurance and asset management company, has signed an arrangement with Manulife Asset Management Private Markets, the private asset management arm of Manulife, to co-invest up to $1bn in US real estate.

As a part of the arrangement, Allianz has acquired majority interests in two class A office assets of John Hancock Real Estate, the US real estate unit of Manulife Asset Management Private Markets although Manulife will maintain a partial interest and manage both assets through its vertically integrated platform.

Manulife that combines a diverse range of private asset classes including commercial real estate, timberland and farmland, renewable energy, oil and gas, private equity and mezzanine debt will add to its investment in high quality office properties in US gateway cities via the partnership.

Christoph Donner, CEO of Allianz Real Estate of America, said, "Allianz has ambitious goals to continue to expand its real estate presence in the U.S., and we are pleased to do so with 1100 New York Avenue and 191 North Wacker Drive, two buildings that represent the type of high quality assets in which we seek to invest."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.