Publications

- November 1, 2020: Vol. 14, Number 10

To read this full article you need to be subscribed to Institutional Real Estate Europe

Crisis to speed up ecommerce growth by a year

by Marek Handzel

Investment into the European logistics sector dropped in the first half of 2020, but Savills expects the impact of the COVID-19 pandemic to accelerate online retail by a year and so further boost already strong demand for prime logistics space in the region.

Savills recorded investments of €13.3 billion into the European logistics sector in the first half of the year, an 8 percent decrease from the same period in 2019. Germany overtook the UK as the most active market, exceeding €3 billion with a 21 percent increase in investment year-on-year.

Research from the consultancy has also shown that occupier demand for European logistics for the first half this year was 4 percent below the five-year average, mainly due to government lockdowns restricting transactional activity. However, Portugal (+86 percent) Romania (+78 percent), the UK (+41 percent) and Poland (+31 percent) all performed strongly against their respective half–year averages.

Average European va

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.