Three major international transport hubs underpin the performance of logistics real estate in the Netherlands and will nurture further growth in the coming years, leading to a return of speculative development, according to Tia van Beek, Goodman's local country manager.
Three major international transport hubs underpin the performance of logistics real estate in the Netherlands and will nurture further growth in the coming years, leading to a return of speculative development, according to Tia van Beek, Goodman's local country manager.
'First of all we have two harbours, Rotterdam and Amsterdam, and we also have Schiphol Airport which is a very important flight hub for Europe and worldwide,' Van Beek said.
She noted that Goodman is also investigating the feasibility of beginning speculative development in the Netherlands due to the lack of available quality space. 'It would have to be in a prime location. It is new compared to a few years ago and it shows the momentum right now in the market.'
Jeroen Smit, managing director for the Benelux, Spain & Italy at Logicor noted that one speculative development has been launched in the Dutch market. 'It is definitely the right time to do it. In every cycle there is a shorter period of time when you can do developments in an interesting way and that period has started already.'
He continued: 'Spain is also very close to that moment. When you look for a 30,000 m2 good shed, you can't find it. So it is time to start thinking or planning for speculative development and start doing it in the next 6-12 months.'
Italy is not at this stage yet, Smit added.
Smit and Van Beek were speaking at PropertyEU's European Logistics Briefing held at the Provada real estate fair in Amsterdam in early June.
CLICK HERE for 20 videos from the logistics briefing.
