THE EUROPEAN LOGISTICS MARKET - BNP Paribas Real Estate
THE EUROPEAN LOGISTICS MARKET - BNP Paribas Real Estate
THE EUROPEAN LOGISTICS MARKET - BNP Paribas Real Estate
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CONTACTS<br />
<strong>EUROPEAN</strong> <strong>LOGISTICS</strong> GROUP<br />
FRANCE<br />
Christophe Prioux<br />
christophe.prioux@bnpparibas.com<br />
Tel.: +33 (0)1 46 48 44 51<br />
GERMANY<br />
Oliver Wissel<br />
oliver.wissel@bnpparibas.com<br />
Tel.: +49 30 88465 171<br />
SPAIN<br />
Thierry Bougeard<br />
thierry.bougeard@bnpparibas.com<br />
Tel.: +34 93 3012010<br />
Alberto Larrazabal<br />
alberto.larrazabal@bnpparibas.com<br />
Tel.: +34 91 4549990<br />
UNITED KINGDOM<br />
Paul Rixon<br />
paul.rixon@bnpparibas.com<br />
Tel.: +44 (0)121 237 1280<br />
Ranjit Gill<br />
ranjit.gill@bnpparibas.com<br />
Tel.: +44 (0)121 2371235<br />
POLAND<br />
John Palmer<br />
john.palmer@bnpparibas.com<br />
Tel.: +48 501 203821<br />
IRELAND<br />
Peter Flanagan<br />
peter.flanagan@bnpparibas.com<br />
Tel.: +353 1 6611233<br />
AUSTRIA<br />
Walter Huber<br />
huber@dpcreal.at<br />
Tel.: +436 7 63900419<br />
NE<strong>THE</strong>RLANDS<br />
Peter Sagius<br />
psagius@hollandrealtypartners.com<br />
Tel.: +31 20 3059720<br />
SLOVAKIA<br />
Tom England<br />
tom.england@modestagroup.com<br />
Tel.: +421 2 32408888<br />
Sebastian Scheufele<br />
scheufele@dmhpartner.at<br />
Tel.: +43 1 513293922<br />
RESEARCH<br />
Christophe Pineau<br />
Head of International Research<br />
christophe.pineau@bnpparibas.com<br />
Vincent Robion<br />
Senior Analyst<br />
vincent.robion@bnpparibas.com<br />
<strong>THE</strong> <strong>LOGISTICS</strong> <strong>MARKET</strong> IN EUROPE<br />
REGAINED SOME VIGOUR DURING 2011<br />
The European logistics market returned to growth in 2011. Germany<br />
even achieved a record year in take-up. Yet, take-up remained below<br />
the volumes achieved during 2006 and 2007 in most countries.<br />
Supply remained high throughout Europe even though every single<br />
market experienced a shortage of new warehouses, which in turn<br />
impacted marginally on prime rents and prime yields.<br />
Logistics providers and retailers drove the market in 2011<br />
<br />
recovery in H1 2011 contributed to the return of logistics providers<br />
after two years of slow activity.<br />
<br />
<br />
The scarcity of new warehouses does not conceal the overall<br />
abundance of supply<br />
<br />
and marginally generated rental growth.<br />
<br />
turnkey deals.<br />
<br />
been emerging: second hand grade A warehouses.<br />
The investment market was held back by the debt crisis<br />
<br />
<br />
<br />
<br />
March 2012