Warehousing costs to stay aloft as capacity growth and development slumps
Beneficial cargo owners have seen drastic drops in transport costs in recent months, and expect ...
© Khunaspix Dreamstime.
On the back of last week’s deal that saw Singapore Global Logistic Properties buy Blackstone’s US warehouse portfolio for $8.1bn, this piece for a specialist property publication reveals that GLP, along with Australia’s Goodman Group, have had huge injections of capital recently from investors, particularly sovereign wealth funds. Finally, institutional investors have begun to understand what many of us in the trade have known for some time – namely that the upgrade of logistics and distribution facilities in Asia is likely to be a pretty safe investment given the year-on-year growth in demand.
Comment on this article