-The logistics property market is fundamentally sound despite traditional demand drivers having been hit by the pandemic.

-Demand from online retail, the main driver over the last few years, has accelerated.

-Built-to-Suit and pre-leasing preferences kept supply under control, and this is likely to continue going forward.

-Investment activity fell sharply during lockdown but picking up for core assets. Sale and leasebacks are a viable option for cash-strapped businesses.

-Logistics market is in structurally better shape than pre-GFC, and although not entirely immune to the crisis, risk-adjusted return prospects appear attractive on a relative basis.