Allianz allies with GLP to target China, Japan logistics
The German insurer has committed $600 million to manager GLP to launch a strategic partnership in the two countries, as it targets a higher level of investment into the region.
Allianz Real Estate (Allianz RE), the property investment arm of the Munich-based life insurer, has launched a strategic partnership with Singapore-based logistics specialist GLP.
The first step will be for Allianz RE to commit $600 million on behalf of several group companies to a recently launched fund and an existing fund focusing on China and Japan.
Rushabh Desai, chief executive officer in Asia-Pacific for Allianz RE, explained to AsianInvestor that it will commit a “rough…
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