Allianz: investment in real estate logistics in Asia
(CercleFinance.com) - Allianz has announced that, via Allianz Real Estate, it has acquired, a 50% stake in a portfolio of modern core logistics platforms in China, and has established an investment partnership with ESR Group that is dedicated to the Indian logistics market.
The portfolio in China consists of five projects located in key logistics hubs: Shanghai, Jiaxing, Foshan, Wuhan and Shenyang. With a leasable area of approximately 375,000 m2, these platforms are rented by groups such as Vipshop and Carrefour.
The investment partnership in India, which is based on an initial equity contribution of 225 million dollars, is half-financed by Allianz, with the other half by ESR, will feed a platform of almost one billion dollars or assets under management.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The portfolio in China consists of five projects located in key logistics hubs: Shanghai, Jiaxing, Foshan, Wuhan and Shenyang. With a leasable area of approximately 375,000 m2, these platforms are rented by groups such as Vipshop and Carrefour.
The investment partnership in India, which is based on an initial equity contribution of 225 million dollars, is half-financed by Allianz, with the other half by ESR, will feed a platform of almost one billion dollars or assets under management.
Copyright (c) 2018 CercleFinance.com. All rights reserved.