ESR, JLL and Baker Mac See Industrial Opportunities in SE Asia

 
As higher interest rates limit opportunities for core acquisitions and rising labour costs drive manufacturers out of north Asian markets, Southeast Asia is becoming a top target for development of industrial real estate, according to panellists from ESR, JLL, and Baker McKenzie speaking at the Mingtiandi Singapore Forum on Tuesday.

“I think in terms of what deals are getting done, core in the region has become harder to do, just harder to justify,” said Jai Mirpuri, head of Singapore development and Thailand at industrial ESR….