ESR expects e-commerce logistics property demand to grow further due to COVID-19

Jeffrey Perlman at DealStreetAsia’s Asia PE-VC Summit 2019.

Logistics real estate major ESR expects demand for quality properties – predominantly from e-commerce tenants – to grow further in 2020 amid a market dislocation caused by the COVID-19 after the company witnessed “minimal disruptions” across the portfolio in the first quarter.

“ESR has only witnessed minimal disruptions across our portfolio,” said Jeffrey Perlman, non-executive chairman of ESR, during a live webcast session to announce the firm’s 2019 annual financial results on Monday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter