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    ALV   DE0008404005

ALLIANZ SE

(ALV)
  Report
Real-time Estimate Tradegate  -  05:31 2022-12-07 am EST
203.28 EUR   -0.06%
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Allianz : and DHL join forces on a leading edge, sustainable, pan-European logistics development pipeline

11/24/2022 | 08:44am EST

A PIMCO Company

Allianz Real Estate

Communications

Media release

Allianz and DHL join forces on a leading edge, sustainable, pan-European logistics development pipeline

Munich | Paris, 24 November 2022

Allianz Real Estate, acting on behalf of several Allianz Group companies, has entered into a purchase agreement related to a portfolio of five Grade A logistics facilities in three European countries in a forward transaction with German logistics leader DHL. Set to complete between Q1 2023 to Q1 2024, the portfolio represents one of Allianz Real Estate's largest single logistics sector acquisitions, in terms of gross leasable area, to date: in total the five facilities will cover over 200,000 sqm.

DHL, responsible for the development and delivery of the assets, will occupy at least 85% of the facilities on long-term leases post completion. The facilities are located in the Netherlands, Poland and Finland and cover four core European logistics sub-markets, including Eindhoven and Warsaw/Gorzow, with the facilities in Helsinki and Warsaw/Gorzow becoming Allianz Real Estate's first ever logistics assets in Finland and Poland.

The facilities being developed will have modern technical specifications, reflect the DHL Campus concept and become mission-critical hubs for DHL and its national and international customers.

Each building is designed to meet the very highest sustainability criteria, including BREEAM Excellent and EPC A ratings, and be compliant with EU Taxonomy. They will undergo a Carbon Risk Real Estate Monitor (CRREM) assessment to ensure alignment with rigorous decarbonization and energy efficiency pathways and Allianz Real Estate's own net-zero program.

In addition to the five facilities under construction, the relationship with DHL includes the potential for Allianz Real Estate to acquire additional facilities in Europe in future.

A PIMCO Company

Allianz Real Estate

Communications

Media release

The logistics sector remains a central focus for Allianz Real Estate due to its strong market fundamentals, including the e-commerce growth and supply chain re-configuration. The firm's global logistics portfolio has grown to EUR 14.2 billion in assets under management, of which EUR 7.2 billion is in Europe.

Transactions in 2022 include the forward purchase of Multi Business Hub Mittelrhein, a prime logistics center in Polch, Germany; continued investments with long-term partner VGP; the acquisition of a three-asset, Grade A portfolio in the Nordics; and a seven-year refinancing facility to Intospace for six assets in the Netherlands.

Kari Pitkin, Head of Business Development Europe, Allianz Real Estate, said: "This high-profiletransaction with a new prime partner in DHL further underscores the value Allianz Real Estate places on high-qualitylogistics assets in core markets in both established and fast-growing sub-markets.2022 has proven to provide opportunity in the sector and we expect to further expand our European portfolio as we look ahead."

Joe Mikes, Global Head of Real Estate Solutions at DHL Supply Chain, said: "We are very proud to be able to offer our clients effective growth opportunities, with warehouses that are not only located in core markets and fulfill our clients' needs, but also meet the highest ESG and sustainability criteria. This enables us and our customers to create business opportunities that are compatible with our Sustainability Roadmap, which aims to make every aspect of the supply chain more sustainable which of course also includes our real estate. We are very much looking forward to many more such projects in the future."

- End -

A PIMCO Company

Allianz Real Estate

Communications

Media release

Allianz enquiries:

Allianz Real Estate

Phillip Lee

+49 89 3800 8234 / +49 151 1177 3855 phillip.lee@allianz.com

Citigate Dewe Rogerson (UK)

Camilla Wyatt / Olivia Morton-Reece / Hugh Fasken

AllCDRUKAllianzRealEstate@citigatedewerogerson.com

About Allianz Real Estate and PIMCO

Allianz Real Estate is a PIMCO Company, comprising Allianz Real Estate GmbH and Allianz Real Estate of America and their subsidiaries and affiliates. It is one of the world's largest real estate investment managers, developing and executing tailored portfolio and investment strategies globally on behalf of a range of global liability driven investors, creating long-term value for clients through direct as well as indirect investments and real estate financing. The operational management of investments and assets is performed out of 17 offices in key gateway cities across 4 regions (West Europe, North & Central Europe, USA and Asia Pacific). For more information, please visit: www.allianz-realestate.com.PIMCO is one of the world's premier fixed income investment managers. With its launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the nearly 50 years since, the firm continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. PIMCO has offices around the world and 3,000+ professionals committed to delivering superior investment returns, solutions and service to its clients. PIMCO is owned by Allianz SE, a leading global diversified financial services provider.

Source: Allianz Real Estate, data as at 30th September 2022.

These assessments are, as always, subject to the disclaimer provided below.

Important Information

Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Allianz Real Estate does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will Allianz Real Estate be liable to anyone for any decision made or action taken in conjunction with the information

A PIMCO Company

Allianz Real Estate

Communications

Media release

and/or statements in this press release or for any related damages. Any views expressed were held at the time of preparation and are subject to change without notice. While any forecast, projection or target where provided is indicative only and not guaranteed in any way. Allianz Real Estate accepts no liability for any failure to meet such forecast, projection or target. This document is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe to any investment. This document is not intended as investment advice, or an offer or solicitation for the purchase or sale of any financial instrument, or an offer or recommendation related to Allianz Real Estate and/or its products. None of the information or analyses presented herein are intended to form the basis for any investment decision, and no specific recommendations are intended. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. ©2022, PIMCO.

Disclaimer

Allianz SE published this content on 24 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2022 13:43:05 UTC.


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Sales 2022 152 B 160 B 160 B
Net income 2022 6 988 M 7 351 M 7 351 M
Net Debt 2022 22 743 M 23 925 M 23 925 M
P/E ratio 2022 11,9x
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EV / Sales 2022 0,69x
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Nbr of Employees 155 411
Free-Float 99,9%
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Oliver Bńte Chief Executive Officer
Giulio Terzariol CFO, Head-Finance, Controlling & Risk
Michael Diekmann Chairman-Supervisory Board
Barbara Karuth-Zelle Chief Operating Officer
Renate Wagner Head-Human Resources, Legal & Compliance
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