Asset manager DWS has published a report suggesting a significant revaluation of the logistics sector is now providing an attractive re-entry point for investors.
DWS says a 15-20% price correction has taken place since the middle of last year, making entry pricing once again seemingly attractive.
It says European logistics continues to be supported by solid fundamentals, including low vacancy and solid future demand drivers.
Strong rental growth momentum and the return to inward yield movement should encourage healthy risk-adjusted returns, it argues.
It therefore thinks the relevant strategy is to target repriced ‘corridor markets’ with strong fundamentals, urban logistics and European 'transformation' markets.
