Logistics

The company's e-commerce revenue exposure in South Korea is expected to increase to 36%.

Over the past few years, e-commerce’s popularity has soared tremendously, as restrictions on mobility drove more and more people to shop online.

The property is located in Subang Jaya, a logistics hub. 

Included in the consortium are Sumitomo Corporation and Skyports. 

The program will be available in Singapore in February 2022.

Four prime logistics properties are expected to be acquired. 

The funds will be invested in SEA micro-supply chain solutions, amongst others. 

Its nature is dependent on other industries, as well as global economic activities.

The move is the first of a two-phase rollout to strengthen logistics services in Singapore.

Cromwell European REIT takes the first step towards establishing a foothold in the logistics industry.

Its portfolio occupancy improved to 97.8% as of end-June.

This follows CapitaLand’s S$400m Ascendas India Logistics Programme it launched in 2018.