26.02.2015
Allianz SE DE0008404005
DGAP-News: Allianz SE: Allianz raises target for real asset based financing to 110 billion euros
DGAP-News: Allianz SE / Key word(s): Miscellaneous
Allianz SE: Allianz raises target for real asset based financing to
110 billion euros
26.02.2015 / 07:04
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* Target previously at 80 billion euros
* Maximilian Zimmerer: "Our customers benefit from attractive returns."
Allianz Group has raised its target for real asset based financing. The new
mid-term investment goal is 110 billion euros compared with previously 80
billion euros. As per year end 2014, investments in this asset class
amounted to 74.4 (previous year: 65.9) billion euros, an increase of 13
percent compared to year end 2013.
Real asset based financing includes debt and equity investments in real
estate, infrastructure and renewable energy. The total investment portfolio
of Allianz was approximately 615 billion euros at the end of 2014. The
lion's share of investments is allocated in debt instruments.
With this decision, Allianz Group continues the expansion of its
investments in real assets.
Recent transactions in infrastructure and real estate include Colchester
Garrison and Porterbrook in the UK as well as Nice Etoile in France. The
investment in Colchester Garrison includes accommodation, training,
education and welfare facilities for more than 4,000 people. With
Porterbrook, Allianz has invested in one of the major rolling stock leasing
companies in the UK rail industry and with Nice Etoile in an inner-city
shopping center in Nice, France.
In addition, Allianz Group has invested in 48 wind and seven solar parks in
France, Germany, Italy and Sweden. They generate enough energy to supply a
city the size of Milan.
"Thanks to our investment expertise, Allianz can soften the adverse
developments of the continued low-interest rate environment," said
Maximilian Zimmerer, Chief Investment Officer of Allianz SE. "Neither
savers nor investors can fully avoid the impact of the artificially low
interest rates."
"Our customers, however, benefit from attractive returns from real asset
based investments and the continued healthy risk profile of our investment
portfolio, " he added. "Thus, Allianz investments not only support the
general economy, they also play a crucial role in ensuring the old age
provisions of millions of our customers."
As always, the evaluations are subject to the following cautionary notes.
Cautionary Note Regarding Forward-Looking Statements
The statements contained herein may include prospects, statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and unknown
risks and uncertainties. Actual results, performance or events may differ
materially from those expressed or implied in such forward-looking
statements.
Such deviations may arise due to, without limitation, (i) changes of the
general economic conditions and competitive situation, particularly in the
Allianz Group's core business and core markets, (ii) performance of
financial markets (particularly market volatility, liquidity and credit
events), (iii) frequency and severity of insured loss events, including
from natural catastrophes, and the development of loss expenses, (iv)
mortality and morbidity levels and trends, (v) persistency levels, (vi)
particularly in the banking business, the extent of credit defaults, (vii)
interest rate levels, (viii) currency exchange rates including the
euro/US-dollar exchange rate, (ix) changes in laws and regulations,
including tax regulations, (x) the impact of acquisitions, including
related integration issues, and reorganization measures, and (xi) general
competitive factors, in each case on a local, regional, national and/or
global basis. Many of these factors may be more likely to occur, or more
pronounced, as a result of terrorist activities and their consequences.
No duty to update
The company assumes no obligation to update any information or
forward-looking statement contained herein, save for any information
required to be disclosed by law.
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Language: English
Company: Allianz SE
Königinstr. 28
80802 München
Germany
Phone: +49 (0)89 38 00 - 41 24
Fax: +49 (0)89 38 00 - 38 99
E-mail: [email protected]
Internet: www.allianz.com
ISIN: DE0008404005
WKN: 840400
Indices: DAX-30, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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326975 26.02.2015
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