Asset owners and landlords are making moves to upgrade and update commercial properties around the world, according to new research published by Knight Frank Asia Pacific titled Repurposing on the Radar – A Unique Opportunity at an Exciting Time. As COVID-19-induced lockdowns exposed the weaknesses of income-producing properties, some two-tier markets have formed.
Christine Li, head of research, Asia-Pacific, said, “The pandemic has ushered in a period that can be described as the ‘Great Asset Repurposing of the Decade’. Investors are increasingly gravitating towards newer assets that are less than 20 years old, i
