GERMAN multinational Allianz GI is determined to return to the Australian market with a new property trust despite the last-minute withdrawal of its proposed $353 million Global Investors European Property Trust. Contrary to market speculation that the offering was not attractive, it seems the Allianz parent decided to withhold it as part of a review of its global property strategy. Allianz GI's chief executive in Australia, Cristobal Mendez de Vigo, said developments globally in real estate investment trust markets had resulted in Allianz GI re-evaluating its overall approach to REITs.