Demand for German logistics drops 28% in 201
Logistics and industrial property in Germany changed hands for approximately €6.7 billion last year, 28 percent lower than 2017’s record transaction volume, according to Savills.
In a report on the sector, the company has said that all leading indicators are currently pointing toward a deterioration in real economic conditions in Germany, with foreign trade in particular appearing to lose momentum. Demand for industrial and logistics space is unlikely to be immune to the effects of a slowdown, but Savills believes that the long-term need for further logistics facilities will mean that take-up continues its upward trend.
The report states it is reasonable to assume that many institutional investors will be looking to increase the proportion of logistics property in their portfolios this year, suggesting tha