CPPIB eyes more logistics assets in Southeast Asia
The logistics sector is one of the hottest in Asia and the Canadian pension fund is steadily ramping up its focus in this area, says a senior executive of the firm.
Asia's growing spending power, smartphone use and penchant for e-commerce have been like rocket fuel for some industries like logistics and will continue to be for the foreseeable future in a protracted boon for the property sector.
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