Investors seek industrial and logistics assets – Jones Lang LaSalle
The European market for available industrial units and logistics properties attracted strong investor interest during the second quarter, says Jones Lang LaSalle.
The total transaction volumes of €2.2 billion recorded in Q2 2012 were up 56% from the previous quarter, but the total for the first half of this year remains 20% below the H1 2011 level, JLL notes. The UK and Germany together accounted for 65% of the first-half total volumes, up from 50% the previous year.
International investor capital targeting industrial and logistics assets was over €1 billion in the first half of 2012, and 60% of this was invested in the UK, with 20% in Germany as cautious investors became more selective and caution continued to prevail for southern European markets.
“Although the European logistics and industrial market has continued to face headwinds from the re-emergence of eurozone market strains, there is still strong investor interest in core, income-producing investment opportunities in the major markets. This is reflected in volumes being up 45% on H1 2008 during the first six months of this year,” notes Chris Staveley, director of European Logistics and Industrial Capital Markets at Jones Lang LaSalle.
