How COVID-19 could impact the Asia Pacific logistics market
Dr Shane Taylor, head of strategy and research – Asia Pacific at CBRE Global Investors (CBREGI), discusses concerns and predictions for how the novel coronavirus will impact the firm’s Asia Pacific investment strategy, target markets and the logistics market as a whole. In March, CBREGI completed a final close for its Asia Value Partners V fund with US$900 million in equity commitments.
What are CBREGI’s biggest concerns for its Asia Value Partners (AVP) portfolio given the rise of the novel coronavirus or COVID-19?
In the near term, our obvious concerns are with the well-being of our teams, tenants and capital partners. As the virus and its containment measures spread around the region and indeed around the world, we have been quite inspired by our China team, who have been living/working under these conditions since mid-January and only now, by mid-late March, can experience more of a return to normalcy.