F&B outlets may rethink real estate footprint as online sales grow
IREUS deputy director sees prime mall space falling out of favour as cloud kitchens become more popular
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Singapore
THE surge in online sales of food and beverage (F&B) is likely to slow down but prime mall space may, nonetheless, fall out of favour as cloud kitchens become more popular.
F&B retailers will probably have to rethink their operations and real estate footprint, said Lee Nai Jia, deputy director of the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore.
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