Allianz and AEW launch partnership for logistics acquisitions in UK
Allianz Real Estate, together with the investment management firm AEW, is seeking to acquire logistics real estate in the UK. Allianz has announced that several of its companies have made €290mn available for this purpose. The partnership seeks logistics properties with at least 20,000 sqm in prime UK locations and will pursue a develop-to-core strategy. The partnership’s focus is presently on established core properties, among which a number of potential opportunities have already been identified. AEW sees the project as a British counterpart to its continental European platform Logistis, which was launched 1999 and today encompasses a portfolio worth €3.5bn.
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