Insurance Giant AIA Group Connects with GLP on Logistics Partnership

Posted on 08/26/2021

Insurance giant AIA Group Limited and Singapore-based logistics company GLP formed a strategic investment partnership to invest in global logistics real estate assets and related opportunities.

A joint news release said trends powering the growth of the global logistics real estate sector will “provide AIA with immense opportunities to diversify its investment portfolio and enhance returns for its customers and shareholders” by leveraging “GLP’s investment experience and expertise in this area.”

AIA Group is based in Hong Kong.

Mark Konyn, AIA’s Group Chief Investment Officer, said in a press release on August 25, 2021, “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.”

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