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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

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