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.
However, such properties will become more important amid climate change and global warming. "We'll also need to store re…
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