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Mingtiandi Username A surge in e-commerce activity helped to drive GLP’s leasing in 2020 GLP on Thursday reported record-high leasing and development activity for its logistics business in 2020 as the e-commerce trend kicked into high gear during the COVID-19 crisis. The world’s second-largest industrial real estate developer said its logistics business signed more than 22.7 million square metres (244 million square feet) of new and renewal lease agreements last year, up 57 percent from 2019. The segment also launched $5.3 billion or 5.6 million square metres of new development projects i...

Mingtiandi Username ALDI’s sale of this Melbourne area asset to Allianz and Charter Hall helped Aussie deal reach a record While the COVID-19 pandemic has dented industries globally, the crisis has created new levels of demand for logistics facilities, driving trades of warehouse assets to a record high in 2020, according to recently released statistics. Preliminary findings from property information provider Real Capital Analytics show that APAC logistics deal volume reached $13.5 billion in 2020, narrowly surpassing 2018 and 2019 levels and nearly doubling the amount traded in 2017. That ...