Warehouse giant GLP sees frothy valuations in certain logistics assets
The real quality - the right locations and the right buildings, constructed to a high standard - assets are still at fair value, says GLP fund management chief Ralf Wessel
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WAREHOUSE giant GLP has observed asset values soaring ever higher in the global logistics sector and compressing cap rates, as a flood of new entrants and investment capital jostle for limited supply.
Over the last 12 months, prices have risen in most of the group's markets, in some cases clocking increases of more than 20 per cent.
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