A sharp rise in investment activity in the European industrial and logistics market reflects an increasing confidence in the sector in 2010, according to the latest CB Richard Ellis (CBRE) EMEA Industrial & Logistics MarketView.
A sharp rise in investment activity in the European industrial and logistics market reflects an increasing confidence in the sector in 2010, according to the latest CB Richard Ellis (CBRE) EMEA Industrial & Logistics MarketView.
The investment focus is particularly in the UK and major hubs across mainland Europe including the Netherlands and Germany.
CBRE said the investment levels in the second half of 2009 rose by 52% compared to the first half of the year, taking full-year 2009 turnover to EUR 6.5 bn.
The UK accounted for 50% of transactions completed during the year in Europe. The industrial sector maintained its 9-10% of the overall European market in 2009.
James Markby, director of Industrial Investment, CBRE EMEA, said: 'In an environment where investors are particularly focused on quality and length of income as well as liquidity, the UK market ticks these boxes. Investors’ focus is also reflected in Germany, France and the Netherlands, which when combined with the UK, accounted for nearly 80% of second-half turnover in 2009. We are also seeing clear signs that 2009’s year-end momentum has carried into 2010.'