China Life Insurance invests more than $1 billion in U.S. logistics property

China Life Insurance, a major player in China, is marking its most significant cross-border real-estate purchase to date by investing more than $1 billion in U.S. warehouses for a 30% stake. The warehouse operations was recently acquired by Global Logistic Properties, a Singapore listed company that is partly owned by Singapore's sovereign-wealth fund.  Global Logistic Properties is creating a new fund to oversea these assets, and China Life Insurance and two other institutional investors have invested approximately 66% together in the fund. The full article could be read here.