Asian insurers and pension funds are partnering up with logistics experts to strategically invest in logistics real estate across the globe.
Allianz Real Estate has given itself until the end of next year to reverse the fortunes of the assets in its €74bn real estate portfolio that are performing poorly on carbon emissions.
Allianz, AIA, and AXA are set to compete with domestic players via wholly owned business and asset management firms in China.
Reits are set to gain from changes brought about by the pandemic, while the yield, diversity and ESG benefits of the asset class are becoming more apparent to Asian insurers.
The life insurer wants to increase its investments in the private debt, credit, and derivatives markets as it strives to manage its liabilities better.
Senior executives at the Taiwan financial group and Canadian pension fund believe that companies have to make an ESG transition, and may not have a choice in a few years.