Instos keep targeting Asia logistics despite high prices
Investors in the region are looking to buy more logistics assets despite rising valuations, as the Covid-19 pandemic continues to push more people to buy goods via e-commerce.
Institutional investors are continuing to allocate to logistics real estate in Asia in the face of Covid-19, taking the view that the long-term structural benefits are enough to justify high current prices.
Asset owners from Asia Pacific had allocated $1.1 billion to logistics this year as of May 18 compared with $434 million in the same period in 2019, according to Real Capital Analytics (RCA). By contrast, allocations to offices fell from $9.9 billion to $6.9 billion and retail …
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