Demand for distribution warehouses is on the rise as more retailers are recording surge in their online sales.Equites Property Fund said Covid-19 had given its business a boost as demand for warehouses spiked.Equites said landlords may need to start making real estate decisions for e-commerce a lot sooner than they thought a year ago.
The owner of the Waterfall Precinct specialises in the top-end of the logistics sector and owns last mile distribution centres and warehouses in the UK and South Africa, whom it credited for the 99% rental collection at a time when most landlords are forced to nurse their ailing clients. The Equites team in the UK say there is a consensus that online sales will increase to about 50% of all sales in the next five to 10 years.