Allianz Real Estate to invest $600m in GLP's China, Japan funds

The logo of Europe's biggest insurer Allianz SE is seen on the company tower at La Defense business and financial district in Courbevoie near Paris, France, March 2, 2016. REUTERS/Jacky Naegelen/File Photo

Allianz Real Estate, the realty investment arm of German insurer Allianz, has committed to invest $600 million in the China and Japan-focused funds of Singapore-based logistics major GLP, according to an announcement Wednesday.

DEALSTREETASIA reported last year that Allianz Real Estate has been actively scouting for logistics deals in the booming consumer economies of China, India, and Southeast Asia as it seeks to build a pan-Asia logistics portfolio.

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