The UK’s booming warehouse market can withstand a pullback from Amazon, LondonMetric’s boss has said.
Andrew Jones said demand was likely to continue to outstrip supply, thanks to a rush to onshore supply chains and the growth of smaller e-commerce businesses.
“Amazon is so good, they are the high priest. But there are lots of smaller retailers playing catch-up,” Jones said. “That’s supplemented by more onshoring, driven by geopolitical events but also black swan events… nobody expected a tanker running aground in the Suez to disrupt supply chains.”
Jones added: “I’d rather own Park Royal than Bond Street right now.”
