In the first quarter of 2016, take-up in the warehouse and logistics premises market in the Ruhr region (counting just leases upwards of 5,000 m²) totalled around 144,000 m². That was about one fifth higher than the record set just last year. Compared with then, this year's extraordinary result was due to a considerably lower number of deals, some of which, though, were very substantial. The outstanding example is the 95,000 m² spare parts logistics centre being built in Bochum for Adam Opel AG. That huge project also impacts on the new-build share of takeup: at over 95 %, the first-quarter figure was exceptionally high and it would still have been out-of-the-ordinary even without this special effect. That reflects very clearly the extremely restricted availability of modern premises of over 5,000 m² in the Ruhr region. At more than 90 %, the owner-occupier proportion is also very high.
Source : BNP Paribas Real Estate