VIDEO: Investors build up logistics platforms

North Americas are leading the charge of inter-regional institutional equity into the European logistics property space, PropertyEU’s investment briefing on the sector heard at Expo Real.

Panellist Emmanuel Van der Stichele, manager of Goodman’s €1.9 bn GELF fund, said investors are looking for cash flow and are attracted by the high yield offered by logistics. ‘The sector is maturing and a number of operators have established pan-European platforms. The occupier markets are also maturing with the emergence of more multi-nationals in a sector which is being shaped by the rise in e-commerce, consolidation and the lack of speculative supply.’

James Markby, head of European industrial & logistics investment at CBRE, pointed out that while €8-8.5 bn was transacted in the sector for the whole of 2012, the €7 bn mark was already passed in the first half of this year. He argued that there had been a material shift in the way much of this equity is entering the logistics market. ‘It’s not all direct purchases. There have been some big joint ventures and others are involved in corporate situations as well.'

Find out what Markby was referring to in the full article which be published in the November edition of PropertyEU Magazine.

In addition, the event presentation by Daniel Piazolo of IPD Germany and video highlights are available at European Logistics Investment Briefing