Finance

Allianz joins forces with GLP for $600m far eastern logistics push

By 2019-05-08T07:26:00

GLP logistics

Investment management firm GLP has formed a $600m (£460m) investment partnership with Allianz Real Estate to invest in logistics assets with integrated technologies in China and 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 (£54.5bn) with more than €3bn in the Asia-Pacific region and over €5.5bn in logistics globally. 

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