Allianz Real Estate sees Asian assets rising to 10-15% of global AUM
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SINGAPORE (Reuters) - Allianz Real Estate sees an opportunity to expand its asset allocation in Asia to 10-15% in the medium term, the investment manager's regional head said after it agreed to buy a A$648 million ($447 million) Australian logistics portfolio with a joint venture."We still believe in the long-term potential of the region. The important thing is how do you navigate through the next 24-36 months and the investment that we make has to be able to reflect that," the company's Asia..