EUR9bn of European logistics investment volume was recorded in the first half of 2014. This reflects a 25% increase versus H1 2013. It sets a new record since the crisis in 2007. For the first time, logistics sector recorded stronger growth than the 23% all property investment volumes during the 6 first months. Portfolio acquisitions continued to boost logistics activity, accounting for EUR3.4bn in H1 2014. UK activity was dynamic as usual (EUR3.2bn) and Germany (EUR1.8bn). But, volumes were also surprisingly strong in the Nordics (EUR1.4bn), driven by a strong Q2 volume in Finland (EUR1.1bn).
Fund managers continue to dominate on the buy side. The top five investors represent more than 25% of the total invested volume recorded in H1 2014. This ranking confirms the come-back of traditional players, like Segro and Prologis on the buy side. But, it also welcomes Blackstone in top position with EUR963m of acquisitions recorded over the last 6 months.
Source : DTZ (Groupe UGL)