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The Industrial Real Estate Podcast
South Asian Industrial Real Estate Market
Jun 13, 2023
Kevin Dollhopf, a global corporate real estate executive, and Tondy Lubis, a site selection expert, dive into the evolving South Asian industrial real estate market. They discuss how companies can strategically pivot away from China, emphasizing the importance of cultural sensitivities and labor analytics. The duo highlights the ASEAN region's burgeoning appeal, outlining both its opportunities and challenges, such as language barriers and supply chain complexities. They also touch on the innovative, sustainable developments in Indonesia's future capital, Nusandara.
55:11
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Quick takeaways
- Southeast Asia's skilled labor force and urbanization make it an attractive alternative to traditional manufacturing hubs like China.
- The ASEAN framework fosters economic growth and stability, promoting collective trade agreements among its member countries for greater business opportunities.
Deep dives
Significance of Site Selection in Industrial Real Estate
Site selection is a crucial process for companies aiming to establish their facilities in locations that align with their business strategies. It involves comprehensive analysis that starts from comparing countries to specific sites within markets, ensuring optimal choices for firms. Facilitating this process includes understanding labor analytics and negotiating governmental incentives, thus reflecting the need for expert consultation in site selection. The complexities of international real estate require strategic partnerships, as companies benefit from local insights and knowledge to navigate varying regulations and market conditions.
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