Amsterdam,
02
February
2016
|
15:24
Europe/Amsterdam

Record year logistic real estate

2015 was a good year for logistic real estate. The demand for logistics space accelerated and take-up posted a record high volume of 1.5 million sq m. Investor appetite also remained strong, especially in the second half of 2015. In Q4, investments even reached an all-time quarterly record volume of € 581 million. With this the total investment volume recorded €1.3 billion, a post-crisis high. This is one of the conclusions of CBRE's latest Marketview The Netherlands Logistics. 

A crucial factor for the growing take-up is increasing private consumption in Europe and Netherlands. Also the accommodation of e-commerce operations is an important growth factor. Just like the first half of 2015 take-up was dominated by pre-let and build-to-suit transactions. More than 60% of all new lease contracts concerned build-to-suit projects.

Take-up was particularly strong in traditional logistic hubs like Rotterdam, Venlo and Eindhoven. In addition to this demand for logistics space also trickled down to more regional markets along the A15 motorway. 

Michiel Assink, Senior Director Industrial & Logistics, CBRE
The logistics market has matured as an institutional investment product. This has strongly contributed to the growth of the investment volume. For decades logistic real estate was seen as an alternative asset class. That has been changed since two or three years. Logistic real estate passed the crisis very well and this has been obviously noticed by investors. Therefore we expect that the investment volume will be equalled in 2016. Although existing product remains scarce, new developments offer ample opportunities for investors.
Michiel Assink, Senior Director Industrial & Logistics, CBRE
About CBRE

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers from more than 450 offices (excluding affiliates) worldwide. CBRE offers strategic advice and guidance in property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; development services; investment management; and research and consulting. Please visit our websites at www.cbre.nl and www.cbre.com.