Listed pan-Asian life insurance group AIA Group partners with investment manager GLP invest in the global logistics real estate industry and related opportunities.
Mark Konin, CIO of the AIA Group, said: “AIA believes in a strong foundation that will support the future development of the global logistics real estate market. The alliance is a core part of AIA’s growth strategy aimed at building scalable relationships with world-class investment partners.
“We are thrilled to be partnering with GLP to enable AIA to gain access to the growing and exciting real estate logistics industry.”
The partnership is expected to help AIA “diversify its investment portfolio and increase profitability” for clients and shareholders.
Craig Duffy, GLP’s managing director of fund management, said: “We look forward to starting this important investment partnership with AIA.
“We take a strategic and innovative approach to growth and value creation for our investment partners and believe we can benefit our partnership as experienced global investors and operators.”
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