The view from the parking lot in one of his company’s industrial parks in the Czech Republic might not appeal to everybody, but Maarten Otte, head of investors relations for the CTP Group, likes what he sees.

Speaking from his car between tenant meetings, Otte ticks off a long list of factors that make Central and Eastern Europe a good place to invest in industrial and logistics properties.

Firstly, he says, nearshoring is now a clear trend. Light industry European companies are looking to reduce their supply-chain risks by relocating back from Asia, while Asian companies with large customer bases in Europe are opening up in the region for the first time. Secondly, third-party logistics providers are in need of more space for clients’ buffer stock. Thirdly, labour costs in the region are about a third of what can be found a few hours west, while remaining in convenient proximity to wealthier markets. And finally, Central and Eastern Europe are home to fast-growing