Permanent shift to online grocery will drive cold storage real estate
Taimur Hyat · Taimur Hyat – After the Great Lockdown (Capital Allocators, EP.149) · Jul 20, 2020 · at 38:54
Taimur Hyat, COO of PGIM, evaluates secular real estate megatrends and structural demand shifts across commercial property sectors following the pandemic lockdowns.
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“Cold storage facilities as groceries go online as well. Nobody wants to touch that cold tomato or squeeze that line before they buy it, but are willing to buy it online. I think that will be a permanent shift in the convenience factor. So cold storage real estate will grow.”
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