The Allianz companies are continuing their pan-European financing strategy for commercial real estate in their core markets, too. The latest example is a loan for "Window", a prime office building in the La Défense business district of Paris. Allianz is the sole lender, providing about €300 million to Oxford Properties, the real estate arm of Canadian pension plan OMERS.
"With this transaction we expanded our European loan book to €6 billion in a short period of time after having reached €5 billion in the 1st quarter of this year," declares Roland Fuchs, Head of European Real Estate Finance of Allianz Real Estate.
Window enjoys a prime micro-location in La Défense. With seven storeys and approximately 44,200 square metres of floor space, the building is currently being revitalized from top to bottom and will be delivered in 2018. The main tenant is RTE, a state-owned French company responsible for the power grid in France.
Allianz Real Estate GmbH and Allianz Real Estate of America, their subsidiaries and affiliates are known jointly as “Allianz Real Estate”. Allianz Real Estate is a PIMCO company. When introducing a property investment opportunity to Allianz Real Estate you acknowledge that we are under no obligation to accept your introduction or enter into any agreement with you. Fees, commission or other payments in respect of introductions shall only be payable where there is a signed written agreement to that effect entered into between Allianz Real Estate and the introducer. By submitting an introduction to Allianz Real Estate you shall be deemed to have accepted the aforementioned terms.
PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. ©2022, PIMCO.