In the near term, the logistics subsector emerges in much sharper focus. As of 2011, IPD Pan-European logistics produced total returns of 6.4% year-over-year in local currency. Logistics performance in Europe reflected a mix of maturity and economic conditions. Total returns in parts of northern Europe (Sweden, Czech Republic, Germany, and Belgium) exceeded the Pan European average by anywhere from 250 to 450 basis points (bps). Despite a sluggish economy, UK logistics outpaced that of pan-European for total returns in 2011, though by a narrower margin. In Europe’s struggling peripheral markets like Portugal, Spain and Italy, logistics returns fell well below the pan-European average in 2011. With the exception of Portugal, income return in most markets held up well.
Source : IPD