Allianz Real Estate announces first third-party investor in its European debt fund

Allianz Real Estate has secured its first third-party client for its Luxembourg-based debt fund. Following regulatory approval, German pension fund Bayerische Versorgungskammer (BVK) will co-invest with a €300 million stake in a sub-fund valued in total at €1.2 billion alongside Allianz. The fund’s strategy will mirror that of the firm’s…