<article>German insurer Allianz’s realty investment arm Allianz Real Estate has acquired a 50 per cent interest in a portfolio of core modern logistics assets across China.</article>

German insurer Allianz’s realty investment arm Allianz Real Estate has acquired a 50 per cent interest in a portfolio of core modern logistics assets across China.
The assets were developed by logistics developer Vialog China and are owned by a Gaw Capital-managed fund. Vailog and Gaw Capital will continue to hold the remaining 50 per cent stake in the assets and manage them.
No financial terms were disclosed.
The portfolio comprises five projects located in Shanghai, Jiaxing, Foshan, Wuhan and Shenyang and has a total leasable area of approximately 375,000 square meters. Constructed between 2016 and 2017, the assets are occupied by tenants such as Vipshop, Carrefour, Miniso and Alog.
Looking to build a pan-Asia logistics portfolio, Allianz Real Estate has been actively scouting for logistics deals in China, India and Southeast Asia, <a style="color: #000080;" href="https://www.dealstreetasia.com/stories/allianz-re-logistics-southeast-asia-97083/">this portal had reported</a> in May.
In an exclusive interaction with DEALSTREETASIA, Rushabh Desai, CEO for the Asia-Pacific at Allianz Real Estate, had said, &#8220;The Asia Pacific logistics market is large but still under-penetrated while e-commerce and the growth in consumption is exponential. We feel there is a secular growth trend we should take advantage of. Of course, the yields have compressed in most of the markets but there seems to be [some] value. So logistics is something we would like to focus on this year.&#8221;
The investor already has exposure to the logistics sector in Australia, China, Japan and Korea. This year, Allianz reupped its exposure to ESR&#8217;s logistics fund in Japan after a $100-million investment in September last year.
The current transaction for the logistics asset in China was conducted by Allianz Real Estate, the EUR 60 billion real estate investment and asset manager of the Allianz Group, on behalf of several Allianz companies.
“This transaction is in line with our strategy of aligning our investments to mega-trends in the Asia-Pacific region. Demand for logistics in China is underpinned by growth in e-commerce, middle-class accession and infrastructure build-out,” Desai said announcing the deal.
Gaw Capital had earlier acquired two towers of four office blocks in Shanghai’s iconic SKY SOHO through a fund under its management and in partnership with a consortium including Allianz Real Estate.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/allianz-re-logistics-southeast-asia-97083/" target="_blank" rel="noopener">Allianz RE scouts for logistics deals in China, India and Southeast Asia</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/gaw-capital-sky-soho-96203/" target="_blank" rel="noopener">Gaw Capital completes SKY SOHO towers deal in Shanghai</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/gaw-capital-hits-first-close-for-gateway-fund-vi-rakes-in-1-95b-report-109842/" target="_blank" rel="noopener">Gaw Capital hits first close for Gateway Fund VI, rakes in $1.95b: Report</a>

The portfolio comprises five projects located in Shanghai, Jiaxing, Foshan, Wuhan and Shenyang and has a total leasable area of approximately 375,000 square meters.

Allianz acquires 50% stake in Gaw Capital-owned logistics assets in China

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Allianz acquires 50% stake in Gaw Capital-owned logistics assets in China

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief