The structural themes that have favoured modern logistics in the Asia Pacific region for the past decade were accelerated by the COVID-19 pandemic in 2020, as occupiers competed for quality, well-located space in the best distribution locations of the largest metros in the region. We noted back in March 2020 (see “How COVID-19 could impact the Asia Pacific logistics market”, May 2020), during the early phase of the pandemic, that logistics assets were likely to have their relevance highlighted given the scale of the disaster unfolding — such was the critical importance of ecommerce and delivery operations in distributing both essential and non-essential goods to large, homebound populations. Meanwhile, although overall real estate transaction levels plummeted in 2020 to levels not seen since the immediate aftermath of the global financial crisis, investor appetite for quality logistics targets appears not to have contracted on a year-over-year basis for the Asia Pacific region