Allianz Real Estate to open regional Nordic office in Stockholm

Munich, 04/15/2019

Allianz Real Estate, the EUR63.5 billion real estate investment and asset manager of the Allianz Group, is to open a new office in Stockholm in August as it looks to strengthen its presence across the Nordics and build on its portfolio of assets in the North & Central Region. The move supports Allianz Real Estate’s aspiration to have a physical presence in key markets across the world, and follows new offices in Vienna, Los Angeles and Atlanta over the past few years.

Jenny Lindholm

Jenny Lindholm

Underlining its aspirations for further growth in the Nordics, the firm has appointed Jenny Lindholm to head up operations in this market. A Swedish national, Jenny joins Allianz Real Estate from Nyfosa AB, an opportunistic Swedish property company, where she had served as Head of Transactions since 2018. Jenny has over 17 years’ experience operating in the Nordic real estate market, having also worked for Catella Corporate Finance AB, Niam AB and Skanska Commercial Development.

Allianz Real Estate has actively increased its exposure to the Nordic real estate market over the past 12 months. In January this year, it joined forces with CBRE GIP to acquire a Nordic logistics portfolio of eight assets in Sweden and Denmark with a total value of more than EUR390 million through a fund managed by NRP. In July 2018, it expanded its core office footprint with the acquisition of the Gangaren 11 office complex in Stockholm for c. EUR175 million.

Overall, the firm’s total assets under management in the Nordics stands at EUR1.08 billion, as at the end of 2018. In its augural Cities That Work survey of Europe’s office sector, published in October last year, Allianz Real Estate ranked Copenhagen third and Stockholm sixth in terms of core market opportunities.

“Allianz Real Estate is committed to developing its portfolio in the Nordics. We have been steadily growing our assets in this market but to enhance this further and better develop new relationships and partnerships, we have decided to open an office in Stockholm. In addition, we are delighted to have someone of Jenny’s caliber join Allianz. Her appointment underlines our deep commitment to expand and grow in the region and support our aspirations across Northern Europe,” said Annette Kroeger, CEO North & Central Europe, Allianz Real Estate.

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