Meyer Bergman on track to create €2b Pan-European last-mile logistics platform
Meyer Bergman has plans to create a €2 billion ($2.2 billion) platform allowing institutional investors to tap into surging demand for last-mile distribution centers, with the launch of Crossbay.
Industrial real estate has been one of the most popular property sectors over the past few years, as retailers have adopted omnichannel formats and consumers have increasingly switched to online shopping — a trend that is only accelerating amid the COVID-19 pandemic. Large warehouse occupiers, however, remain sensitive to changes in the economy — particularly manufacturers of industrial goods.
A last-mile logistics strategy, such as Meyer Bergman’s Crossbay platform, is more insulated from GDP movements for several key reasons:Developing new last-mile distribution hubs is extremely difficult, due to planning restrictions. Municipalities favor housing, exacerbating the current demand-supply imbalance. Most goods distributed through last-mile hubs