Allianz partners with GLP to invest $600m in logistics across China and Japan

Allianz Real Estate has committed $600 million 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.

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 €63.5 billion ($71.29 billion) with more than €3 billion ($3.37 billion) in the Asia Pacific region and over €5.5 billion ($6.2 billion) in logistics globally.

“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,” said Rushabh Desai, Asia Pacific CEO of Allianz Real Estate. “Our approach has been to build scalable relationships with best-in-class local operators in each of the markets, and w