Allianz, a German multinational financial services company, and Heimstaden Bostad, a real estate owner and developer, agreed to form a joint venture in an $871m deal. "We are pleased to partner with Allianz, which is a global and reputable long-term investor with significant experience within the real estate sector. Their substantial investment and long-term commitment show trust and confidence in our platform and operational expertise, and we look forward to building a strong and lasting partnership," Patrik Hall, Heimstaden CEO.