Cold storage facilities a long-term play in alternative property investment: M&G

ASSET manager M&G Real Estate expects cold storage to shine in the long run as investors, now flush with liquidity, hunt for alternatives in the Asia-Pacific property market.

Life sciences and data centres are also likely to continue to gain prominence, although the global investment manager advised discipline and caution before jumping into opportunities.

At a virtual roundtable on Wednesday, Jonathan Hsu, head of research for Asia at M&G Real Estate, said that cold-storage facilities, a type of specialised logistics property, are capex (capital expenditure) intensive, especially in hot humid climates like Singapore's.