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The significance of logistics REITs as an institutionalised property sector in the Asia-Pacific

Author

Listed:
  • Robbie Lin
  • Chyi Lin Lee

Abstract

Logistics properties have been an increasingly institutionalised property sector in the Asia-Pacific property investment space. It was mostly driven by the strong economic expansion and demographic population growth in the Asia-Pacific. Particularly, e-commerce continues to drive the demand for warehouse space that forms the key driver of logistics properties. The purpose of this paper is to assess superior risk-adjusted performance and portfolio diversification benefits of logistics REITs in Australia, Japan and Singapore over July 2009 - December 2018. To reflect the actual property allocation and major asset classes allocation within institutional investors’ holdings, this study deploys a constrained asset allocation analysis. The preliminary results suggest that logistics REITs as the value-added and strategic role in a mixed-asset portfolio to institutional investors seeking property investment in the Asia-Pacific. The practical property investment implications for logistics properties as an institutionalised property sector are also identified.

Suggested Citation

  • Robbie Lin & Chyi Lin Lee, 2019. "The significance of logistics REITs as an institutionalised property sector in the Asia-Pacific," ERES eres2019_124, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2019_124
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    More about this item

    Keywords

    Asia-Pacific; E-commerce; Institutional Investors; Logistics REITs; Risk-Adjusted Performance;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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