Allianz and Heimstaden Bostad Expand Partnership
Allianz Real Estate, on behalf of Allianz companies (Allianz), and Heimstaden Bostad inject SEK 7,000 million (EUR 650 million) in new equity in their existing Swedish joint venture, using the proceeds to repay debt. Simultaneously, Allianz and Heimstaden Bostad form a new joint venture comprising Allianz’s German residential real estate portfolio.Commenting on the Transaction: “After a successful cooperation in the first year in Sweden, we are very pleased to further expand our partnership with Heimstaden Bostad into Germany. With two experienced, likeminded partners working together,