REIT players cautiously optimistic for this year

Promising: Sustained demand for manufacturing and industrial facilities will see rising demand for warehouses and logistics facilities amid accelerating e-commerce trends. ─ AP

LOCAL real estate investment trust (REIT) players, having come out of arguably one of the toughest economic environments last year due to the Covid-19 pandemic, are cautiously optimistic of their prospects for 2021.

Axis REIT, in its recently released 2020 annual report, says people and businesses are increasingly adapting to the new normal, adding that as countries begin rolling out Covid-19 vaccination programmes, there is optimism for a sustainable recovery in business activities and the broader economy.