This has been a tough year for global real estate investment markets. Data published by property consultancy RCA on August 6 showed that transaction volumes fell 25 per cent year on year in the first half of 2020, with deals in the hotel and retail sectors – two of the industries hardest hit by Covid-19 – plummeting 55 and 35 per cent respectively.

However, one sector has proved remarkably resilient. Industrial transactions, which consist mainly of sales of logistics properties, increased…