Warehouse landlords biggest gainers of rising e-commerce in Asean: DBS
Trend is expected to accelerate as more Covid-19 pushes more businesses to jump onto e-commerce bandwagon
Singapore
WAREHOUSE landlords are expected to be the biggest gainers as growing Sino-US tensions fuel a strategic shift in manufacturing and logistics value chains to South-east Asia, and more companies adopt a "China+1" strategy.
On Monday, a DBS Group Research report named Mapletree Logistics Trust (MLT), Westports, ESR Cayman, Thailand's industrial estate developer Amata, as well as Thailand's logistics real estate investment trusts (Reits), Hemaraj Reit and WHA Premium Reit, as "gems" to buy within the Asean logistics industry.
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