Allianz, GLP to invest $600m in Asia logistics
German financial services giant Allianz has committed $600 million to funds managed by GLP, a PE-owned warehouse operator based in Singapore, with a view to investing in logistics in China and Japan.
Allianz is investing via its real estate arm, which had EUR5.5 billion ($6.2 billion) in logistics globally as of end-2018 and is looking to expand its Asia Pacific footprint. GLP, formerly known as Global...
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