Expert call takeaways: A turnaround on the horizon?
- Decent leasing demand overwhelmed by sector’s record-high supply entrance
- GBA stood out due to strong lease demand from cross-border e-commerce
- Sector expected to bottom out in 1H24, with rents to progressively recover in 2H24 and supply pressure halved
- An attractive level for investors to revisit the China warehouse sector – top pick CICC GLP CREIT (508056 CH)