"Asia Pacific's cold storage sector has traditionally lacked liquidity, but a combination of declining logistics yields, a deepening investor pool, and broader movements in consumer behaviours, will ultimately change investor perceptions. Given that the sector is primed for an extended period of strong growth regionally and facilities will require sustained investment to meet demand, we anticipate cold storage will emerge as a standalone asset class in the coming years," says Tom Woolhouse, Head of Logistics & Industrial, Asia Pacific, JLL.