Prime European logistics facilities will remain in high demand throughout 2020 as e-commerce growth accelerates, according to Savill’s latest report.
- Following the COVID-19 outbreak, a number of European countries have temporarily shut their borders and instructed workers to stay at home in order to contain the virus, creating warehouse labour shortages.
- Online retail sales growth continues to exceed analysts’ expectations and given the COVID-19 outbreak has increased consumer dependence on e-commerce, it is likely that this shift will accelerate faster, particularly for countries with lower penetration rates.
- We expect that the structural changes affecting the logistics sector will continue to pique investor interest and that the logistics sector will be one of the most sheltered commercial property sectors from the pandemic.
Read the Savills Article or download the report for further information.
Contact the UK team:
| Marcus De Minckwitz Director Omnichannel Group +44 (0) 20 7499 8644 MdeMinckwitz@savills.com |
Will Percival Regional Investment Advisory +44 (0) 207 330 8628 will.percival@savills.com |
Mike Barnes Associate European Research +44 (0) 20 7075 2864 mike.barnes@savills.com |
