Allianz Real Estate will open an office in London this June to support its growing assets in this gateway city and strengthen its global footprint in areas where key partners are located.
The firm has appointed Kari Pitkin as Head of Business Development across Europe, reporting to Olivier Teran, CIO. With 20 years of investment banking experience in the EMEA region, Kari will join Allianz Real Estate on 1st June from Bank of America Merrill Lynch where she held the position of Head of EMEA Real Estate & Lodging, having joined the firm in 2005.
It has also appointed Shripal Shah as Head of Debt Origination – London, to lead the team serving UK and Pan European clients. Shripal will join on 1st August and report to Roland Fuchs, Head of European Debt. Since 2002 Shripal covered senior positions in international real estate banking at Barclays Bank and HSBC before joining JCRA, where he has been Head of Real Estate since 2016.
“Allianz Real Estate is committed to developing its portfolio in the UK. We have been successfully growing our assets in this market since 2017 but to enhance this further we have decided to open an office in London. London remains highly influential in a European and global context, and we believe there are excellent opportunities for growth and increased capital allocation,” said Francois Trausch, Chief Executive Officer, Allianz Real Estate. “We are absolutely delighted to welcome Kari and Shripal to the team. Their deep experience will be instrumental in driving our origination and partnerships activities.”