APG boosts logistics portfolio with $400m Korea fund investment
Along with boosting its logistics portfolio, the Dutch pension fund manager's latest investment aligns with a growing trend among institutional investors who are increasingly opting for open-ended fund structures.
APG Asset Management is making a strategic expansion in the Asia Pacific logistics sector, with a significant investment into the ESR Korea Logistics Core Fund, South Korea's first perpetual open-ended logistics fund.
This investment by APG, which exceeds $400 million, underscores the growing importance of logistics in global investment portfolios, particularly in the resilient markets of Asia that are buoyed by the e-commerce boom as well as supply chain optimisation trends.
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