Roland Fuchs, Head of European Real Estate Financing for Allianz Real Estate, commented: “We are delighted to be playing a central role in one of Europe’s most exciting office developments. With its unique design, build process, extensive use of timber, and absolute focus on environmental best-practice during its operational life, Arboretum’s carbon footprint will be positive compared to traditional concrete buildings. This investment fully supports the global aspiration of the Allianz group toward a carbon neutral portfolio and showcases the strength of our European debt program and our relationships with prime sponsors and sector specialists.”
Allianz is providing 46.3% of the overall total financing of EUR 432 million. Investors in the project include ICAWOOD, a fund specializing in low-carbon-emission office developments and in which Allianz has a 6.9% equity stake, and BNP Paribas Real Estate
Arboretum will consist of seven buildings spread over nine hectares, of which six will consist of private green spaces. The campus will offer over 126,000 sqm in office and services gross leasable area. Five of the seven buildings will be built primarily from cross-laminated timber and will meet the highest environmental standards – such as BREEAM, HQE – as well as low-carbon labels such as BBCA or E+C-.
This latest EUR 200 million in financing further underscores the continued success of Allianz Real Estate’s European debt portfolio, which was valued at EUR8.7 billion at the end of 2019, up 10% year-on-year.
When introducing a property investment opportunity to PIMCO Prime 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 PIMCO Prime Real Estate and the introducer. By submitting an introduction to PIMCO Prime Real Estate you shall be deemed to have accepted the aforementioned terms.
"PIMCO Prime Real Estate” is a PIMCO company that includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC, and their subsidiaries and affiliates: PIMCO Prime Real Estate GmbH (Company No. 158768, Seidlstrasse 24–24a, 80335 Munich, Germany), PIMCO Prime Real Estate GmbH Belgium Branch (VAT No. BE 0841.512.711, Boulevard Roi Albert II, 32, 1000 Brussels, Belgium), PIMCO Prime Real Estate GmbH France Branch (SIRET No. 509 339 669 00053, 50-52 Boulevard Haussmann, 75009 Paris, France), PIMCO Prime Real Estate GmbH Italy Branch (Numero REA MI-2107576, Piazza Tre Torri, 3 20145 Milano, Italy), PIMCO Prime Real Estate GmbH Spain Branch (NIF W2760686B, Paseo de La Castellana, 200 Edificio Spaces, 28046 Madrid, Spain), PIMCO Prime Real Estate GmbH Sweden Branch (VAT No. SE516411865401, Norrlandsgatan 18, 111 43 Stockholm, Sweden), PIMCO Prime Real Estate GmbH UK Branch (Company No. FC036236, 11 Baker Street, London W1U 3AH, United Kingdom), PIMCO Prime Real Estate Asia Pacific Pte Ltd (UEN 202000233H, 12 Marina View #17-02 Asia Square Tower 2, Singapore 018961), PIMCO Prime Real Estate (Shanghai) Co, Ltd (Company No. 91310115MA1K4KBT0L, Shanghai IFC, 8 Century Avenue, Pudong, Shanghai 200120, People’s Republic of China), PIMCO Prime Real Estate Japan GK (Company No. 0104-03-022895, 1-6-2 Marunouchi, Chiyoda-ku, Tokyo 100-0005, Japan), PIMCO Prime Real Estate LLC (File No. 5234055, 1633 Broadway, New York, NY 10019-6999, USA). PIMCO Prime Real Estate LLC is a wholly-owned subsidiary of Pacific Investment Management Company LLC, and PIMCO Prime Real Estate GmbH and its affiliates are wholly-owned by PIMCO Europe GmbH. PIMCO Prime Real Estate GmbH operates separately from PIMCO. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company LLC.
PIMCO Prime Real Estate is a trademark of PIMCO LLC and PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world.