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Allianz collaborates with ESR to establish logistics investment platform in India


Allianz continues to expand its logistics footprint in Asia-Pacific growth markets. Following the investment in China, Allianz recently announced that it has partnered with ESR Group to establish an investment program targeting the logistics market in India.


The proposed investment program will start with an immediate equity commitment of $ 225 million, to be funded on 50:50 basis by Allianz and ESR. This would subsequently be converted into $ 1 billion of assets under management platform. The program’s strategy is to leverage structural trends in tier one and selective tier two cities to build a long-term, cash flow positive logistics portfolio by acquiring a blend of develop-to-core, forward purchases, and stabilised or stabilising assets. The eight key target cities are Mumbai, Pune, Chennai, Bangalore, Hyderabad, Ahmedabad, Kolkata and National Capital Region, said a release.


Source : Exim News Service - Singapore/Munich, Dec. 5


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