Over 15 million m2 of new logistics space was constructed in Germany between 2010-2014 as the sector attracted €7.7 bn of investment, a new report reveals.
Over 15 million m2 of new logistics space was constructed in Germany between 2010-2014 as the sector attracted €7.7 bn of investment, a new report reveals.
Another key finding was that the average financing requirement per logistics property was €9.8 mln. The largest and most sophisticated centres required €100 mln or more during that five-year period.
The study entitled, Logistics and Real Estate 2015, was compiled by analysis company Bulwiengesa.
Bulwiengesa described it as the first comprehensive analysis of the German market, which accounts for about 25% of turnover in the European logistics sector. In 2014, 2.9 million logistics employees generated €235 bn from the overall European volume of €940 bn.
The report is based on a database of 1,205 new buildings and 574 transactions from 2010-2015, as well information from logistics property group Goodman, general contractor Bremer, property adviser Savills and financier Berlin Hyp. The authors assess 28 logistics hotspots in Germany, and identify long-term trends in terms of investment, financing, project development and construction.
'It's about time there was a study that independently examines the diverse asset class for logistics properties,' said Bulwiengesa chairman Ralf-Peter Koschny. 'The distinguishing feature of our study lies in the fact that we have brought together expert insights from four subject areas and thus the report provides a complete overview of the logistics property market in Germany.'
Download the report