With logistics companies coming under increasing pressure over delivery deadlines, retailers and distributors are being forced to consider changes to their property portfolios.
Huge centralized hubs remain in demand, but there is an increasing call for smaller hubs around key population centres. “Retailers are taking industrial units around the main conurbations, to break up big lorry loads into lots of small deliveries,” property specialist Segro’s logistics director, Gareth Osborn, said.
The resulting capacity problem means investors expect rents to rise over the next two years. Reflecting this, European logistics property investment has risen by a third, according to figures from Standard Life Investments.
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