Allianz Partners with GLP to Invest US$600 Million in Logistics Across China and Japan
GLP announced a new investment partnership with Allianz Real Estate, one of the world’s leading real estate investors. Allianz Real Estate has committed US$600 million to GLP’s funds in China and Japan.
Investment marks beginning of strategic partnership
Singapore, Hong Kong and Munich – May 8, 2019 – GLP, a global investment management firm with US$64 billion AUM that specializes in real estate and related logistics technologies, announced a new investment partnership with Allianz Real Estate, one of the world´s leading real estate investors. Allianz Real Estate has committed US$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 AsiaPacific region. At the end of 2018, Allianz Real Estate had a global portfolio of EUR 63.5 billion with over EUR 3 billion in the Asia-Pacific region and over EUR5.5 billion in logistics globally.
“This partnership is a strong strategic fit, leveraging Allianz Real Estate’s reputation and history as an investment and asset manager for real estate and GLP’s investment expertise, operational excellence and global scale,” said Ming Mei, Co-Founder and CEO of GLP. “We look forward to building our relationship with Allianz Real Estate across our markets.”
“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 we are excited about partnering with GLP, a leading investment manager with deep operational expertise in the logistics sector across the region.”
GLP is a market leader and pioneer in China and Japan, leading the industry with its investment and development capabilities, scale and network, as well as thought leadership and innovation in logistics. GLP’s China and Japan development funds focus on developing modern, large-scale logistics facilities across China and in the Greater Tokyo and Osaka regions in Japan.
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GLP contacts Media Contact: Meredith Balenske GLP Email: mbalenske@glprop.com Tel: +852 6116 6709 |
Allianz Real Estate Media contacts: Claire Fraser Global Head of Marketing & Communications Tel: +49 89 3800 8236 Email: claire.fraser@allianz.com
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Investor Contact: Ambika Goel, CFA GLP Tel: +65 6643 6372 Email: agoel@glprop.com |
Charlotte Bilney Citigate Dewe Rogerson Tel: +852 3103 0103 |
About GLP (www.glprop.com)
GLP is a global investment management firm specializing in real estate and related logistics technology investments with US$64 billion of assets under management. The Company’s real estate fund platform is one of the largest in the world, spanning 73 million square meters (785 million square feet). In 2019, GLP was recognised by Private Equity Real Estate (PERE) as Global Firm of the Year and Logistics Investor of the Year.
About Allianz
The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 673 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage more than 1.4 trillion euros of thirdparty assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 80 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the group.
About Allianz Real Estate
Allianz Real Estate is the strategic real estate organization within the Allianz Group and a leading international real estate investment and asset manager. Allianz Real Estate develops and executes worldwide tailored portfolio and investment strategies on behalf of the Allianz companies, considering direct as well as indirect investments and real estate loans. The operational management of investments and assets is currently performed in 5 regions, West Europe (Belgium, France, Italy, Luxemburg, Portugal, Spain), North & Central Europe (Austria, CEE, Germany, Ireland, Nordics), Switzerland, USA and Asia Pacific. The headquarters of Allianz Real Estate are located in Munich and Paris. Allianz Real Estate has approximately 63.5 billion euros assets under management.
Please note: Allianz Real Estate, 31/12/18 up to 30/06/18, data published included all commercial equity and debt real estate investments of the Allianz Group. With effect from 31/12/18, AUM aligned to Allianz Real Estate includes the portfolio overseen by Allianz Real Estate GMBH and its affiliates and excludes those managed by other parts of the Allianz Group.
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