The positive run for the European logistics and warehouse market continues and will continue. There is potential for further growth over the coming months as confirmed not only by the increasing number of schemes under construction and those fully leased, but also by the extremely stable foundations for expansion of the sector. The trust shown in the domestic market by investors is also of importance here. The above and numerous other factors affecting warehouse property investments were topics for discussion at the “Pan-European Logistics Breakfast” organized by BNP Paribas Real Estate in London.
BNP Paribas Real Estate experts representing countries such as the United Kingdom, France, Spain and Poland noted that the growing e-commerce and traditional retail sectors were what to a large extent contributed to the increase in demand (between 40% and 60%) for warehouse and logistics space last year. Logistics developers and investors are more and more often utilizing the synergy effect arising between the sectors, this being of particular significance for the Eastern Europe region and Poland.
Developers, investors and tenants from Western Europe are now ever more often considering entry or transfer of their operations to Poland indeed. This results not only from the relatively low labour costs, but also from the high level of qualifications held by staff and the highest technical standard of properties. Another strength of the warehouse properties located in Poland are the well-developed infrastructure and transport network as well as high availability of new investment land.