Allianz Real Estate continues to expand organizational footprint in APAC

Singapore, 05/13/2021

Assets under management in APAC grew to EUR 6.6 billion at the end of 2020 / Experienced and diversified team of 30+ professionals located across Singapore, Tokyo and Shanghai / Portfolio performance in APAC reverting to pre-COVID levels, focus on future proofing of assets

Allianz Real Estate, one of the world’s largest real estate investment managers, has continued to expand its organizational footprint across APAC most recently with the appointment of Daisuke Noguchi as Head of Acquisitions for Japan and Dean Kwon as the Head of Finance for the region. Daisuke, based in Tokyo, brings with him over 25 years of experience in the real estate industry in Japan. Based in Singapore, Dean is a seasoned finance professional with over 19 years of experience in financial services firms across APAC and US.

Rushabh Desai, APAC CEO of Allianz Real Estate

Rushabh Desai, APAC CEO of Allianz Real Estate

“Our APAC organizational build-out is closely aligned with the growth of our portfolio in the region. We have systematically built an expert local team, starting with acquisition and asset management resources, followed by experts in transaction services and then the localization of the enabling functions. Our people are the cornerstone to our long-term success”, said Rushabh Desai, APAC CEO of Allianz Real Estate. “Daisuke Noguchi is a terrific addition to our team and will play an important role in driving our growth agenda in Japan together with Masayuki Kato who joined us last summer as Head of Asset Management for Japan.”

Allianz Real Estate now has a well-diversified team of 34 people from 10 nationalities based across Singapore, Tokyo and Shanghai, significant growth from having two people in the region at the end of 2015.

The firm recorded a 20% increase in its assets under management across APAC to EUR 6.6 billion as at the end of 2020, from the EUR 5.5 billion recorded as at 31st December 2019. The portfolio is well diversified across 40+ investments in eight markets in the region. Approximately 40% of the exposure is in fast growing markets like China and India. Office accounts for 35%, whereas “beds and sheds” accounts for 55%.  

Rushabh Desai commented, “Recurring waves of COVID-19 are resulting in uneven recovery across geographies and sectors in the region. However, the crisis has validated our investment thesis within the region, as secular macro trends such as urbanization, domestic consumption, infrastructure, localization and digitalization, were accelerated by the pandemic. The resiliency of our portfolio and the strength of our organization is reflected in the portfolio performance where our occupancy and rental collections have reverted to pre-COVID levels. Our focus now is on future-proofing our assets. For example, the recent launch of our community app in Duo Tower in Singapore and the introduction of green leases in our residential portfolio in Japan have been received very well by our tenants. We look to build on from here.”

Tagged with:

Corporate Asia-Pacific

Press Contact:

Paula Eirich
Paula Eirich
Head of External Communications

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, 479 Lujiazui Ring Road​, Shanghai Tower, Pudong New District ​, 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.