Cold store warehouse rents to rise as Singapore aims to be hub for vaccines
Limited supply of such facilities should translate to higher capital gains for investors who enter the market early: Cushman & Wakefield
Singapore
RENTS for cold store logistics warehouses here could pick up as Singapore positions itself as a centre for the storage and shipment of vaccines, according to Cushman & Wakefield, which says that limited supply of such facilities should translate to higher capital gains for investors who enter the market early.
This comes as the development of successful vaccines to fight the Covid-19 virus is expected to spur sustained demand for temperature-controlled logistics facilities.
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