Real estate infrastructure: The 'ugly duckling' of investment?

Industrial real estate was historically the grafter of the real estate market, the small, often hidden part of a manager's portfolio.

It was the ugly duckling for many reasons; it offered lower growth, invariably more supply risk leading to benign rental tension over the cycle, and the assets were functional yet as generic in Slough as they were in Sunderland, making it difficult to deliver a sustainable edge as a landlord.  In recent times that has changed, specifically for logistics assets. The attraction of the sector has been accelerating, pushing both capital values and rental growth to new all-time highs, as a record number of tenants look to enhance their e-commerce offering, or make the transition to move their...