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Allianz buys a real estate fund from Blackstone

Posted: 9 August 2017

Allianz Real Estate has found 100% of the real estate fund named Kensington, in the name and on behalf of a number of German companies in the Allianz Group.

The fund is managed by Kryalos Sgr, which will continue to handle it, and was sold by real estate funds controlled by Blackstone Real Estate Partners Europe.

With the acquisition of 100% of the fund, Allianz’s portfolio now includes two additional primary properties in Porta Nuova in Milan, Gioia 26 and Porta Nuova 21.