“The contract renewals of these two tenants confirms our approach of continuously improving our properties through regular upgrades in order to attract and retain tenants, and to enhance the workplace experience of their users,” says Lars Fröhling, Country Head Germany & Co-Head of European Asset Management at PIMCO Prime Real Estate.
The property has undergone extensive further development in recent years. Amongst other things, the lobby and green areas have been redesigned, the quality of stay has been enhanced by a sensor-based building control system and energy consumption has been significantly reduced thanks to various energy-saving measures. Charging facilities for electric cars were also retrofitted in the underground car park.
A leading global real estate investor and manager, PIMCO Prime Real Estate is a PIMCO company and part of the PIMCO real estate platform, focusing on the Core and Core+ segments of the market and managing the Allianz Group’s $96B+ real estate mandate.
Formerly known as Allianz Real Estate, we manage a global investment portfolio of $100.5B AUM, with an international team of nearly 500 employees working in 17 offices in Belgium, China, France, Germany, Italy, Japan, Singapore, Spain, Sweden, the UK and the U.S.
PIMCO’s real estate platform is one of the largest and most diversified in the world, with over $194B1 in assets and a broad set of solutions that leverage decades of expertise across public and private equity and debt markets.
As of June 2023. All figures in USD. 1AUM includes $100.5B in estimated gross assets managed by PIMCO Prime Real Estate (formerly Allianz Real Estate), which includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC, and their subsidiaries and affiliates. 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 LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company LLC. PIMCO Prime Real Estate GmbH operates separately from PIMCO.