Intern in Real Estate Portfolio Management (f/m/d)

Welcome to PIMCO Prime Real Estate

We are looking for an intern (m/f/d) to join us at one of our modern and innovative locations in Munich or Stuttgart.

Our global Portfolio and Investor/Client team is based across offices in Germany, France, Switzerland, the USA and Singapore. Collaboration on a wide range of global projects provides a varied day-to-day role in an international working environment.

We offer you insight into all areas of portfolio management across the entire real estate investment lifecycle, as well as the related requirements of managing client relationships and implementing portfolio objectives. The team is involved in investment decisions ranging from transaction assessments and ongoing analysis to the strategic positioning of our existing portfolio and potential divestment processes. The portfolio we manage includes investments in Germany, Austria, the UK, Eastern Europe and Scandinavia, providing exciting insights into a range of dynamic real estate markets.

In addition, our team is responsible for the following areas of portfolio management: assessment of potential developments, acquisitions and disposals; strategic development and optimization of the existing portfolio (Asset Strategy & Business Plan Review); management; Investor/Client Reporting; and performance analyses. We value active and open communication and work closely with clients and investors as well as all internal PPRE departments, including Asset Management, Transactions and Finance.

What you will do:

• Supporting team members across their respective areas, gaining detailed insights into a variety of responsibilities and, following successful onboarding, taking ownership of selected tasks, including independent analyses
• Gaining insight into operational real estate decisions and the active management of one of Europe’s largest institutional real estate portfolios
• Supporting portfolio analyses and gaining related insights, including in interdisciplinary and/or international projects
• Contributing to presentations and decision-making materials for internal and external stakeholders in a national and international environment, including the data-driven preparation of portfolio and performance information
• Contributing to projects and workstreams aimed at further developing digital workflows and analytical processes, for example through business intelligence, automation and AI solutions

What you bring:

• Currently studying economics, business administration or a related field, ideally with a focus on real estate and preferably having completed a bachelor's degree
• Proficiency in Microsoft Office, particularly Excel and PowerPoint, including structured data preparation and the creation of professional presentations
• Initial practical experience with, or a strong interest in, modern digital solutions, particularly business intelligence tools such as Power BI, the automation or programming of Office applications, and the responsible use of AI-enabled tools
• Initiative, a quick grasp of new concepts, and a structured and responsible approach to work Initial experience with real estate investment cash flow models is an advantage
• Excellent written and verbal communication skills in German and English.

Our highlights for you:

Remuneration: In addition to an attractive salary, you can expect a monthly travel allowance of €30.00 and a daily lunch allowance in our excellent staff restaurants.

Career development: Comprehensive educational opportunities in the form of training courses and access to LinkedIn Learning enable continuous further development.

You can find a complete overview of what makes us an attractive employer at careers.allianz.com/benefits.

Appointment date: from 01.10.2026 onwards

Are you interested? Then we look forward to receiving your application online on our careers page - careers.allianz.com.

Our colleagues at recruiting-operations@allianz.de will be happy to answer any technical or professional questions you may have.

Note: Allianz in Germany has an internal recruitment team that focuses on the direct search for outstanding candidates. No unsolicited applications from recruitment agencies or recruitment firms will be accepted.

PIMCO Prime Real Estate

A leading global real estate investor and manager, PIMCO Prime Real Estate is a PIMCO company and part of the PIMCO real estate platform, focusing on the Core and Core+ segments of the market and managing the Allianz Group’s $85B real estate mandate.

We manage a global investment portfolio c. $90B AUM, with an international team of c. 450 employees working in 16 offices in Belgium, China, France, Germany, Italy, Japan, Singapore, Spain, Sweden, the UK and the U.S.

PIMCO’s real estate platform is one of the largest and most diversified in the world, with $174B in assets and a broad set of solutions that leverage decades of expertise across public and private equity and debt markets.

Allianz Group

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our people, their ambitions, dreams and challenges makes us a unique employer. Together, we can create an environment where everyone feels empowered and has the confidence to explore, grow and shape a better future for our customers and the world around us.

What we offer:

We promote equal opportunities, think inclusively and value the uniqueness of our employees - regardless of what they look like, where they come from, what they believe in, whom they love or whether they have a personal disability. As one of the leading insurance companies in the Dow Jones
Sustainability Index, we are shaping sustainable change and offer our employees many opportunities to get involved in a secure, inclusive and sustainable future.