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Rush Desai Stepping Down as Head of Allianz Real Estate

Rushabh Desai is leaving his role as head of Asia Pacific for Allianz Real Estate to pursue other interests, according to the European firm. ....

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Allianz Real Estate Grew APAC Portfolio by 16% in 2020

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An Allianz fund is said to be in talks for a stake in Singapore’s OUE Bayfront
The COVID-19 pandemic drove down investment in commercial real estate across Asia Pacific by 36 percent in the first nine months of 2020, but one of the biggest purchasers of property assets in the region still managed to boost its APAC holdings by 16 percent during the period.
With the public health crisis disrupting travel and site visits, Allianz Real Estate had built its AUM in the region to EUR 6.4 billion ($7.9 billion) as of 30 September, and its top manager for the region says that figure may have reached as high as EUR 7 billion by year-end. ....

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