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SNAPSOT


 AUSTRALIA: INVESTORS EYE   during  2021,  with many big  names

 BROWNFIELD SITES  chasing  opportunities  in the  ware-
 house  sector,  which  continues  to
 While  pandemic-related  disruption   suffer from a lack of quality  assets.
 continues to weigh heavily on many

 segments of the Australian economy,   Among the pull  factors include the

 it has  driven a sharp  increase  in   pandemic-led shift from just-in-time
 e-commerce penetration, leading to   delivery to higher levels of inventory

 strong requirements for high quality   holding, which has  led to stronger

 warehouse  space.  This  has  seen   take-up both now and in projections

 many investors look to reweight their   for the next 24 months. The introduc-
 portfolios  to  capture  this  demand.  tion of a unified Goods and Services



 The  regional  trend  for  portfolio   tax (GST) has also facilitated invest-
 building has also been witnessed in this   ment  in  Indian  logistics  property.

 market, with investors buying individual   Additionally, with fast delivery a

 assets, bundling them up and obtaining   crucial  requirement  for  e-com-

 considerable  portfolio  premiums.  merce players’ seeking  to achieve
 seamless  Omni-channel  operations,
 Within Australia there is a large focus   there  is  strong  demand  to  acquire

 on brownfield areas and development   warehouses  in urban  areas  for  last-
 land, with most major investors looking   mile delivery and also in tier II cities.

 at purchasing older brownfield indus-

 trial stock and repositioning or rede-  Source: CBRE Reports

 veloping  to  modern  logistics  facili-
 ties. These urban / last mile locations

 are expected  to capitalise  on high-

 er-than-average market rent growth.




 INDIA: THE SUNRISE SECTOR


 Tighter  regional  logistics  yield  has
 prompted  many investors to seek

 greenfield  development in India


 |42  thecorporatereview.com  | India  | Vol. 3  |  Issue  5| July 2022                                     |43
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