Last-mile delivery warehouses offer investors the best chance of a killer return, according to Mat Oakley, Savills’ head of European commercial research.
Speaking at today’s Estates Gazette regional development conference, Oakley said all commercial property sectors would return to growth by 2016 but last-mile delivery was the holy grail.
“The best opportunities are grubby industrial estates on the edge of affluent towns and the killer fund would be one that serviced all of that,” he said.
Big sheds remain popular with eight of the major retailers alone, having taken a combined 40m sq ft of space in the past five years, and there is more of that come, he said, adding that hub and spoke remained popular for the dotcom retailers.
stacey.meadwell@estatesgazette.com
