Pan-Asian life insurance group AIA Group Limited and GLP have formed a partnership to invest in the global logistics real estate industry and related opportunities.
GLP said the positive long-term trends that are driving the growth of the global logistics real estate sector provide AIA with immense opportunities to diversify its investment portfolio and enhance returns for its customers and shareholders.
“AIA believes in the strong fundamentals that support the future development of the global logistics real estate market. The alliance is a core part of AIA’s growth strategy to create scalable relationships with world-class investment partners. We are very excited about partnering with GLP, which will allow AIA to acquire exposure in the growing and exciting logistics real estate industry,” said Mark Konyn, AIA’s Group Chief Investment Officer.
Craig Duffy, GLP’s Managing Director, Fund Management, said: “We look forward to launching this significant investment partnership with AIA. We take a strategic and innovative approach to growth and value creation for our investment partners and believe we can deliver value to the partnership as experienced global investors and operators.”