Property For Industry chief executive Simon Woodhams says the pandemic had accelerated the growth of e-commerce and increased the demand for logistics facilities. Chief executive Simon Woodhams said the result showed “resilience” amid the Covid-19 pandemic. “We also expect there to be strong demand for industrial assets as businesses look to create more localised and resilient supply chains,” he said. The new 18-month facility was in addition to the bonds and syndicated bank facility PFI already had in place. Woodhams said the low interest rates had also contributed to a demand for industrial property investment that was outstripping supply.

Source: Stuff September 03, 2020 21:33 UTC