Every March, a group of mostly white, middle-aged men usually gather in a modest villa in the hills above Cannes to swill lager, eat barbecued meat and indulge in their shared passion: warehouses.
The self-styled “shed masters” have long operated on the periphery of Mipim, the property industry’s annual knees-up in the south of France, but one of the dullest corners of the market is now having its moment in the sun.
The steady rise of online shopping has been turbocharged by the pandemic, spurring record levels of investor demand for the warehouses that service the e-commerce sector and spinning a fortune for those who had the foresight — or luck — to buy ahead of the pack.
The once unfashionable shed masters hold the
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