Frasers Logistics & Commercial Trust (FLCT), in its business update for the 1QFY2021 ended December, says the Covid-19 pandemic has had “no material impact” on its portfolio to-date.

Its logistics portfolio continued operations during the pandemic, while the commercial portfolio remained “largely stable”.

“Structural changes driven by the growth of e-commerce activities and ‘hub-and-spoke’ trend are expected to drive demand for logistics and suburban office spaces, respectively,” says the REIT in a Feb 3 statement.

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