European Warehousing and Industrial Real Estate Outlook 2008

SUMMARY

Abstract

Overview

Introduction

Increasing amounts of equity based capital will target the European warehousing and industrial real estate markets and going forward equity and low leverage buyers will dominate the market. This report analyses the European warehousing market, providing a detailed overview of the market conditions, and Datamonitor's country-wise 2008 outlook for the industry and the economy.

Scope

• Gain an insight into the role of the logistics and distribution industry in driving the demand for warehousing and industrial property.
• Analyses the impact of GDP growth, unemployment, manufacturing growth and consumer spending on each country's industrial property market performance.
• The current situation and future outlook for the European warehousing and industrial real estate market with top level economic and property data.

Report Highlights

The European industrial real estate market saw limited levels of growth in 2007, with supply and demand in most countries being more balanced than in previous years. Overall rental growth in Europe was just 2.5% Central and Eastern Europe once again reverted to out performance, with rental growth of 7% compared to just 1.3% in Western Europe.

As credit squeeze slowly impacts the EU market, the more mature locations may slow further in the second half of 2008. However, there will be an increasing number of opportunities for occupiers from both the manufacturing and logistics sectors to discover lower cost locations, and this trend will generate rental growth in most locations in 2008.

In the CEE region though the pipeline is large, there is sustained demand and proportionally less good-quality space available. Demand for space in regional cities is also increasing. Manufacturers will continue moving their operations to lower cost locations in the foreseeable future, thus ensuring a steadily growing demand for logistics property.

Reasons to Purchase

• Gain an analytical insight into 20 country markets across Europe, and assess both the current situation and the 2008 outlook for industrial property.
• Provides access to the crucial industrial rents review and 2008 outlook for over 90 locations across Europe.

TABLE OF CONTENTS

Table of Contents

• Overview
  • Catalyst
  • Summary
• Executive Summary
• Table of Contents
• Table of figures
• CHAPTER 1 THE EUROPEAN WAREHOUSING MARKET - LOTS IN STOREFOR THE FUTURE
  • 1.1 Demand
  • 1.2 Supply
  • 1.3 Rents
  • 1.4 Investment
  • 1.5 Country Market Review
• CHAPTER 2 KEY MARKET PROFILES
  • 2.1 WAREHOUSING MARKET IN GERMANY
    • 2.1.1 Market Overview
    • 2.1.2 Warehousing Demand and Supply
    • 2.1.3 Freight Villages
    • 2.1.4 Market Outlook
  • 2.2 WAREHOUSING MARKET IN THE UK
    • 2.2.1 Market Overview
    • 2.2.2 Warehousing Demand and Supply
    • 2.2.3 Economic Outlook
    • 2.2.4 Industrial Property Outlook
  • 2.3 WAREHOUSING MARKET IN FRANCE
    • 2.3.1 Market Overview
    • 2.3.2 Warehousing Demand and Supply
  • 2.4 WAREHOUSING MARKET IN SPAIN
    • 2.4.1 Market Overview
    • 2.4.2 Logistics Property Market
    • 2.4.3 Warehousing Supply
    • 2.4.1 Warehousing Demand
    • 2.4.1 Market Outlook
  • 2.5 WAREHOUSING MARKET IN POLAND
    • 2.5.1 Market Overview
    • 2.5.2 Warehousing Demand and Supply
    • 2.5.3 Key Trends
    • 2.5.4 Market Outlook
• CHAPTER 3 COUNTRY MARKET REVIEW
  • 3.1 AUSTRIA
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.2 BELGIUM
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.3 BULGARIA
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.4 CZECH REPUBLIC
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.5 DENMARK
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.6 FINLAND
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.7 GREECE
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.8 HUNGARY
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.9 IRELAND
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.10 ITALY
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.11 NETHERLANDS
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.12 PORTUGAL
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.13 ROMANIA
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.14 RUSSIA
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.15 SLOVAKIA
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.16 SWEDEN
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
  • 3.17 SWITZERLAND
    • 2006 Review
    • 2007 Review
    • Outlook for the Economy
    • Outlook for the Industrial Property Market
• CHAPTER 4 EUROPEAN INDUSTRIAL PROPERTY MARKET OUTLOOK
• List of Tables
  • Table 1: Europe: Industrial Rents Review and Outlook byLocation (€/sqm/yr)
  • Table 2: Germany: Logistics Market - Regional Spaceturnover (in m²), 2006 - 2007
  • Table 3: Germany: Logistics Spaces 2007
  • Table 4: Germany: Annual Takeup (Sq meters), 2006 &Q1-Q3 2007
  • Table 5: France: Prime Logistics Yields as at September2007
  • Table 6: France: Prime Logistics Rents as of September2007
  • Table 7: Spain: Prime Industrial Rents, December 2007
  • Table 8: Spain: Prime Industrial Yields, December 07
  • Table 9: Europe Outlook: Economy Performance VsIndustrial Property Performance, 2008
• List of Figures
  • Figure 1: European Industrial Rental Growth Rate PerAnnum (%), 2003-2007
  • Figure 2: EU-15 Industrial Yields Index, 1997-2005
  • Figure 3: EU-15 Industrial Rental Index (March1988=100), 1992-2006
  • Figure 4: Top 10 European Industrial Markets by Take-upin 2007
  • Figure 5: Total Warehouse Space (Million Square Meters),2006-2010
  • Figure 6: European Logistics Investment Market (€Billion), 2000-2006
  • Figure 7: Germany: Freight Villages
  • Figure 8: The United Kingdom: Income Return (Yield) andCapital Growth of Warehouse/Distribution Properties, 1991-2005
  • Figure 9: France: Geographic Breakdown of Take-up (%),2007 (Till October)
  • Figure 10: France: Breakdown of Take-up (000 SquareMeters), 2000-Q3 2007
  • Figure 11: Spain: Main Logistic Areas
  • Figure 12: Spain: Industrial Investment Volume (€Millions), 2001 - Q2 2007
  • Figure 13: Poland: Take-up by Regional Market (%), 2007
  • Figure 14: Poland: Warehousing Supply by RegionalMarkets (Sqm), 2007