No let-up in warehouse investing frenzy
With strong fundamentals and riding on mega trends, logistics property appears to be a good space to be in but there are challenges
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SWANKY malls? Trophy offices? Not quite the flavour of the pandemic. Instead, it's logistics properties: Singapore groups are busy buying warehouses.
In May, Frasers Logistics and Commercial Trust (FLCT) announced the purchase of four logistics and industrial properties in Germany and the Netherlands; together with a logistics and industrial property and a business park in the United Kingdom (UK) for an agreed property purchase price of around S$548.7 million. This acquisition marks FLCT's maiden entry into the logistics sector in the UK.
For year ended March 31, 2021, Mapletree Logistics Trust (MLT) spent S$1.6 billion in buying 18 modern specifications logistics facilities in Australia, China, Vietnam, Japan, South Korea and India, plus the remaining 50 per cent interest in 15 properties in China.
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