The COVID-19 pandemic and its resultant economic crisis has largely dampened operating conditions for landlords, but the logistics property market will benefit in the longer term, said Mapletree Logistics Trust (MLT).
And these benefits will be more keenly felt in Southeast Asia, where a large number of the REIT’s properties are located.
MLT is a Singapore-listed logistics REIT with a portfolio of 145 properties across eight economies in the Asia-Pacific including Australia, China, Malaysia, and Vietnam.
The REIT also has a 50% interest in 15 joint venture properties in China.
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