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Sign in Sign up for a FREE subscriptionAllianz invests $100m in ESR fund to expand logistics footprint into Japan
Allianz has finalized a $100 million investment into Redwood Japan Logistics Fund II (RJLF2).
The Japan-focused core fund is a closed-ended, JPY-denominated logistics fund managed by E-Shang Redwood. Its strategy is to develop modern institutional-grade logistics and distribution properties in tier-1 locations in Japan and provide an exit option upon the stabilization of the assets.
Allianz Real Estate undertook this transaction on behalf of 3 Allianz companies, the Group’s first investment into logistics in Japan.
“Japan is experiencing on-going modernization of supply chains with strong demand for efficient logistics facilities,” said Rushabh Desai, CEO of Allianz Real Estate Asia-Pacific. “This combined with an attractive yield gap, and relatively low development risks provide compelling reasons for Allianz to consider the Japanese logistics sector as a part of a balanced portfolio, together with ESR which is one of the most active logistics players i