Strong Sales Pipeline and Record Sales Year
The sales pipeline remains a bright spot with a record year in new business wins, although slower to materialize than planned.
Growth in Asia Pacific Region
The Asia Pacific region's total warehouse NOI increased by approximately 16% year-to-date with economic occupancy well over 90%.
Cost Management and Productivity
Handling margins exceeded 12%, with strong cost control measures and productivity targets in place for the operations team.
Development Projects Delivered On Time and Under Budget
Multiple development projects have been delivered on time and on or under budget, reflecting improvements in the development platform.