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Asia-Pacific Logistics Assets Outlook Bright Next Year
Property investment in Asia-Pacific is set to rebound by 15 to 20 per cent in 2021, with logistics emerging as the key growth driver amid continuing demand from grocery retailers, health services firms and e-commerce providers, according to JLL.
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Realty Plus
Published - Tuesday, 29 Dec, 2020
Property investment in Asia-Pacific is set to rebound by 15 to 20 per cent in 2021, with logistics emerging as the key growth driver amid continuing demand from grocery retailers, health services firms and e-commerce providers, according to JLL.
In a low-return and low-interest rate environment, logistics is likely to triumph offices in most Asia-Pacific markets as investors hone in on yields next year, the property consultancy said. Investments in build-to-rent multifamily residential properties, such as student housing, co-living and senior care, will also gain pace in 2021.
The transactions had rebounded in the latter part of this year and will accelerate in 2021 as investors reaffirm their commitment to increasing exposures to Asia-Pacific real estate. Longer term, the investment outlook remains incredibly positive given the expectation for continued low interest rates, huge amounts of dry powder and the insatiable hunt for yield, Crow said.
In Asia-Pacific, the logistics sector has remained resilient despite the global pandemic. In the first half of 2020 while overall property transaction volumes fell 32 per cent year on year, logistics facilities only saw a 6 per cent drop in volumes, as per JLL data.
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