Allianz: invests in Chinese KaiLong fund
(CercleFinance.com) - Allianz today announces that it has taken a stake in KaiLong Greater China Real Estate Fund II (KGCREFII), a closed-end investment fund targeting “value-add” real estate investment opportunities in China and Hong Kong.
Following this transaction, via its Allianz Real Estate division, the German insurance company will hold 35% of the fund, with the balance held by long-term institutional investors. KaiLong aims to raise 500 million dollars.
Rushabh Desai, head of Asia-Pacific at Allianz Real Estate said that the group aims to deploy between 50% and 60% of its investments in the Asia-Pacific region in countries that benefit from strong economic growth.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Following this transaction, via its Allianz Real Estate division, the German insurance company will hold 35% of the fund, with the balance held by long-term institutional investors. KaiLong aims to raise 500 million dollars.
Rushabh Desai, head of Asia-Pacific at Allianz Real Estate said that the group aims to deploy between 50% and 60% of its investments in the Asia-Pacific region in countries that benefit from strong economic growth.
Copyright (c) 2018 CercleFinance.com. All rights reserved.