Logistics and healthcare, the most attractive segments for international investment.
The coronavirus has caused large international funds to have to redo their investment plans in real estate and their priorities have turned towards the assets that have shown greater resistance to the crisis and, therefore, are considered more defensive.
Logistics and health care assets have gained the most appeal, which highlights that these segments “have the support of governments as essential infrastructure.” In this sense, investors value income stability, the fact that these assets have proven essential for the economy to function and the density of employment.
As for the logistics segment, the health crisis will accelerate some of the trends that were already pointed out before the emergence of the coronavirus, such as an increase in the penetration of electronic commerce or the omnichannel integration of retail. This fact, added to the fact that the fundamentals of the logistics sector were already robust before the health crisis, allow the sector to be well placed to respond to the post-Covid-19 recovery.
The health crisis will accelerate some of the trends that were already pointed out before the emergence of the coronavirus. In particular, investors will focus more on those areas close to the operational centers of essential industries, such as pharmaceuticals or technology.
In addition, diversification in supply chains is expected, which will also affect transport nodes. For its part, the healthcare segment has suffered the greatest impact from the coronavirus, which “will cause a consolidation of the health care sector, which may also receive greater regulatory pressure,” says the consultant. The crisis will cause a consolidation of the healthcare sector. On the other hand, multifamily housing is one of the segments of real estate that has been most resistant to the crisis caused by the Covid-19, which may lead to increasing its attractiveness to international investment, despite the fact that “the probable increase in unemployment may lower demand. ”
In any case, the risk of these assets is greater in the lower incomes, since the workers with lower incomes “are exposed disproportionately to the impact of structural unemployment”. In this sense, demand in this segment is more linked to government aid.