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Allianz Real Estate of America

€1.9 billion of new lending in 2015 brings its book to €4 billion
Allianz Life Insurance Co. of North America has provided a $49.75 million mortgage to an affiliate of Triarch Investment Group to purchase a 280,000 sq ft office park in Miami, Florida.
Allianz Real Estate of America has provided a $135 million loan to refinance 700 11th Street NW, a 301,770 sq ft office building in the East End submarket of Washington, DC.
Allianz Real Estate has provided a $237 million (€218 million) loan to finance Patriots Plaza, a government-leased office complex in downtown Washington DC.
Allianz Real Estate France has agreed a €163.4 million long-term loan provided by insurance subsidiaries of the group to finance a portfolio of nine French office buildings.
Allianz Real Estate of America has provided a $200 million (€183 million) loan to a comingled fund managed by Clarion Partners to finance a mixed-use US property portfolio.
Allianz has provided a $156 million loan to PNC Realty Investors for the acquisition of 333 West Wacker Drive in Chicago’s West Loop neighborhood.
Hammerson is funding its share of the purchase of NAMA’s €1.85bn Project Jewel with a new short-term €1bn revolving credit facility from its existing lenders. The facility, which matures in March 2017, reflects a loan-to-value of 81% on Hammerson’s €1.23bn share of the overall purchase price.
Hammerson and Allianz Real Estate have jointly bought NAMA’s Project Jewel loans portfolio for €1.85bn. The UK REIT and the German investor, part of insurance giant Allianz, have formed a 50:50 joint venture to buy the portfolio valued at around €2.6bn.
Allianz Real Estate has made its first foray into Ireland with a €150m participation in a €300m Morgan Stanley acquisition loan to Starwood Property Trust. The five-year, floating rate loan, with an LTV below 60%, is secured on 11 office buildings and one residential property, all in Dublin.
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