Allianz Partners has announced a new investment partnership with GLP. Allianz Real Estate has committed $600m (€530m) to GLP’s funds in China and Japan, on behalf of several Allianz group companies. The funds will focus on developing and investing in logistics assets with integrated technologies in China and Japan.
GLP is a global investment management firm with US$64bn of assets under management that specializes in real estate and related logistics technologies. GLP’s China and Japan development funds focus on developing modern, large-scale logistics facilities across China and in the Greater Tokyo and Osaka regions in Japan.
This investment is part of Allianz Real Estate’s strategy to grow its real estate exposure in the Asia-Pacific region. At the end of 2018, Allianz Real Estate had a global portfolio of €63.5bn with over €3bn in the Asia-Pacific region and over €5.5bn in logistics globally.
Rushabh Desai, Asia-Pacific CEO of Allianz Real Estate said, “We continue to believe in the long-term fundamentals of the Asia-Pacific region. Logistics is a core part of our investment strategy and this opportunity will further diversify our portfolio”.
Source: Allianz Partners
