AIA and GLP unveil global logistics partnership

AIA Group, part of the largest independent publicly listed pan-Asian life insurance group, has formed a strategic partnership with GLP to invest in the global logistics real estate industry and related opportunities.

Mark Konyn, AIA’s group chief investment officer, said: '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.'

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. The partnership will enable AIA to leverage GLP’s investment experience and expertise in this area.

AIA said that the strategic partnership aligned with the firm's environmental, social and governance (ESG) strategy by engaging with companies that recognise and incorporate ESG-related considerations into their investment decisions.

It added that GLP was committed to a broad range of ESG policies and initiatives that should manage risk, elevate the business, create value for partnerships, and show respect to local communities.

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.'


Latest news

Best read stories