Dec
03
Allianz Takes Stake in SL Green’s NYC Trophy Tower
ByThe deal capped a year of investments in U.S. real estate that reached $3.5 billion for the company, which now has $16.3 billion in assets under management nationwide.
Allianz Real Estate has acquired a 43 percent stake in 1515 Broadway in Manhattan’s Times Square from SL Green Realty Corp., capping of a year of investments in U.S. real estate reaching $3.5 billion.
The firm, one of the world’s leading insurers and asset managers, now has $16.3 billion in assets under management in the United States. Allianz Real Estate manages investment programs on behalf of a number of Allianz group companies around the world.
The 2017 $3.5 billion milestone was reached through a combination of equity and debt investments across nearly all asset classes that also further diversified the company’s geographic footprint, according to the New York-based firm…
