Moving into 2021, “this too shall pass” seems to be the resounding message among real estate investors.

It is now more than 10 months since European countries began restricting the movement of various segments of the populace. What started as a localised lockdown of some areas in northern Italy has now become a widespread practice, whereby whole nations are effectively placed under a strange, mostly benign, form of house arrest, as soon as positive test results for SARS-CoV-2 begin to spike.

Industrial and logistics space was once the forgotten wasteland of real estate investing, a gritty but generally boring asset class. Then came the internet and, with it, ecommerce. Throw in a crippling pandemic, and suddenly logistics is all the rage. It is cited by virtually everyone as the sector to watch in 2021.