Allianz in £120m UK student refinance

Allianz Global Investors has invested £119.7m in the refinancing of a student accommodation project at the University of Exeter in south-west England, writes Real Estate Capital's sister title Infrastructure Investor. The investment is the first from AllianzGI’s UK Infrastructure Debt Fund which was launched in July this year with a target of up to £500m. According to an AllianzGI statement, it is also the first investment in the student accommodation sector that it has undertaken on behalf of clients.