Ecommerce sales are forecast to rise from 27 per cent to 30 per cent by 2025, resulting in an additional GBP37 billion worth of online retail sales. With every billion pounds of online retail sales requiring around 320,000 sq ft of urban logistics space, this could drive 12 million sq ft of additional last-mile fulfilment space requirements over the five years.
The latest Legal & General Rebuilding Britain Index (RBI) has underlined the scale of the housing challenges facing the UK, with the Housing index showing a second consecutive decline, leading Legal & General to call for a ‘public and private partnership approach’ to boost housing supply.
AEW has agreed to forward fund, on behalf of its open-ended pan-European core fund, EUROCORE, the development of a c49,000 sq m Grade A and fully automated logistics asset in Ridderkerk, near Rotterdam in the Netherlands.
AXA IM Alts, a specialist in alternative investments with cEUR163 billion of assets under management, has reached practical completion on the development of a c4,000 sq m office in Roppongi in Tokyo, Japan, marking the latest milestone for the business’ global development platform.
Vacant UK logistics space has fallen to 7.1m sq ft in Q3 2021, representing a record low vacancy rate of 1.53 per cent, according to the latest research from global real estate advisor, CBRE.
Cross-border real estate investment will reach record levels in 2022, according to new research from Knight Frank. The 2021 Active Capital Report, now in its sixth year, uses data and proprietary modelling to predict global real estate investment trends for the year ahead. For the first time, the capital gravity research model uses cutting-edge machine learning to identify country-by-country capital flows, type of investors behind the capital and the key sectors within different destination countries.
The outlook for the hotel investment market remains relatively strong, with a large amount of equity in the market ready to be deployed, according to the international real estate adviser Savills.
Take up of London office space hit 2,564,000 sq ft across the capital in Q3 according to new data from Colliers.
The SMART OFFICE has formally opened at Dusseldorf’s Airport City. The modern office building offers around 14,600 sq m of flexible office space with freely designable layout.
Users and investors are creating such high demand for European logistics real estate that project developers can hardly keep up, according to the latest research from Catella.
According to research from Savills, investment volumes for industrial & logistics space reached GBP3.0 billion in Q3 2021, the second highest Q3 on record.
A move to a new form of turnover-based commercial property leases which better suit the operational needs of UK retailers and leisure operators is being held back by ‘trust issues’ around data sharing between landlords and occupiers.
