Allianz Real Estate to invest in GLP’s China, Japan funds

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. The investment in GLP funds is part of Allianz Real Estate’s strategy to grow its real estate exposure in the Asia-Pacific region, the firm said. 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.