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Allianz plans to double Asian property investments over 3 years

Logistics is emerging as a favoured sector for 2018 because of Asia's fast growth in e-commerce

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Published Thu, Jan 4, 2018 · 09:50 PM

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    Singapore

    ALLIANZ SE's property unit plans to double investments in Asia over three years as the German firm is drawing in more money from its insurance operations in the region.

    Property investments may swell to 3.75 billion euros (S$6 billion) by the end of 2020 from about 1.8 billion euros, according to Rushabh Desai, Asia-Pacific chief executive officer of Allianz Real Estate.

    Allianz

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