Industrial, logistics property attractive to investors: Savills
Vietnam’s industrial real estate sector has great potential for developing more projects related to data centres, cold storages and logistics, according to John Campbell, Associate Director, Head of Industrial Services at Savills Vietnam - the largest and most experienced real estate services company in the Southeast Asian nation.
Hanoi (VNA) – Vietnam’s industrial real estate sector has great potential for developing more projects related to data centres, cold storages and logistics,according to John Campbell, Associate Director, Head of Industrial Services atSavills Vietnam - the largest and most experienced real estate services companyin the Southeast Asian nation.
Main opportunities in the logistics industry includelast-mile logistics services and the implementation of a logistics 4.0 system, saidCampbell.
Moreover, investors can take advantage of the lack of coldstorages in Vietnam to develop new projects, and increase supply for themarket, he said, adding that the construction of built-to-suit warehouses tomeet special technical requirements is also an attraction for investors.
Jack Harkness, Director of Regional Industrial and LogisticsServices at Savills Asia Pacific, stated that the industrial and logistics realestate sector, which used to receive little attention, is currently developingwith increasing demand for emerging products such as last-mile delivery, small warehousesnear urban areas to serve consumers and cold storage.
The main markets favoured by investors from all over theworld are China, Japan and Australia. However, Harknes predicts that interest is shifting to India and Southeast Asia, which are benefiting from thediversification of production and consumption growth and will emerge stronglyin the coming time./.
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Illustrative image (Photo: VNA) 
