Global Supply Chain Council, 16 Mar 2009
As foreign and domestic companies cut budgets and postpone expansion plans, demand for industrial property has weakened considerably in recent months.
Shanghai recorded a 25.8 percent year-on-year decline in en bloc investment transactions for all property sectors in the whole year of 2008,” says Andrew Hatherley, executive director of CBRE’s Industrial & Logistics Services in the Greater China region. Industrial property markets in first and second tier cities started to slow down in October of last year.
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