European Logistics & Industrial Capital Markets Q4 2015
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France Germany Finland COPYRIGHT © JONES LANG LASALLE IP, INC. 2015. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of Jones Lang LaSalle. It is based on material that we believe to be reliable. Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them. JLL quarterly Logistics and Industrial analysis illustrates the current market condition and examines how it will evolve in the future. www.jll.eu All figures are in sq m / €, based on logistics units >5,000 sq m For more information Alexandra Tornow Philip Marsden EMEA Logistics & Industrial Research Head of EMEA Logistics & Industrial [email protected] [email protected] Tom Waite Director – Capital Markets [email protected] Nick Jones Director – Capital Markets [email protected] 41% share Year-end rally pushes total 2015 investment to the record level seen a year earlier European Logistics & Industrial Capital Markets Q4 2015 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 25 20 15 10 5 6% share* 9% share* * % share on total commercial real estate volumes 2015 standout achievements at a glance of capital invested in 2015 sourced outside of Europe or globally Best transaction volume achieved since the previous peak (between 2005 – 2007) in Belgium, Italy, Netherlands, Slovakia and Denmark 31% Strong YoY yield movement recorded across all markets in Q4 … albeit slowing from previous quarters *markets highlighted in red recording below their historic peak in Q4 2015 Large-size and portfolio transactions continued in portfolio transactions in 2015 11% YoY in volume terms Moscow +25 bps Dublin stable 20bps QoQ 60bps YoY COPYRIGHT © JONES LANG LASALLE IP, INC 2015 All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of Jones Lang LaSalle. It is based on material that we believe to be reliable. Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them. JLL quarterly Logistics and Industrial analysis illustrates the current market condition and examines how it will evolve in the future. www.joneslanglasalle.eu For more information Alexandra Tornow EMEA Logistics & Industrial Research [email protected] Philip Marsden Head of EMEA Logistics & Industrial [email protected] Tom Waite Director - Capital Markets [email protected] Nick Jones Director - Capital Markets [email protected] 1% YoY 63% on 5yr average 83% YoY 94% on 5yr average The Nordics marked their best ever result (€3.8 billion) as a region & the strongest regional growth in 2015 YoY (+30%) €3.8 billion Benelux at €1.5 billion was the only other region recording YoY growth at 23%, driven by growth in both Belgium and the Netherlands €1.5 billion UK recorded the highest ever volume in single asset deals exceeding €100 million, marking a total volume of €795 million, up 175% YoY €795 million 2% almost stable YoY €2.2 billion Continued yield compression sees levels fall below the historic peak in some markets 5.9%* European prime logistics yield *excl. Moscow 14 single assets > €100 million 75-99 bps Berlin Düsseldorf Frankfurt Hamburg Lyon Munich Paris 25-49 bps London Manchester Warsaw 50-74 bps Amsterdam Budapest Stockholm Rotterdam Antwerp Barcelona Brussels Madrid Leeds Prague Milan Birmingham Glasgow 2015 volumes Record transaction volumes reached in two out of three core markets, and Finland France rose to 3rd in portfolio transactions thanks to strong final quarter, up 83% YoY Germany leads portfolio activity with stable YoY volumes United Kingdom with 2nd strongest portfolio volume, down 38% YoY 3 1 2
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Transcript of European Logistics & Industrial Capital Markets Q4 2015
FranceGermany
Finland
COPYRIGHT © JONES LANG LASALLE IP, INC. 2015. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of Jones Lang LaSalle. It is based on material that we believe to be reliable. Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.
JLL quarterly Logistics and Industrial analysis illustrates the current market condition and examines how it will evolve in the future.www.jll.euAll figures are in sq m / €, based on logistics units >5,000 sq m
For more information
Alexandra Tornow Philip MarsdenEMEA Logistics & Industrial Research Head of EMEA Logistics & Industrial [email protected] [email protected]
Tom WaiteDirector – Capital [email protected]
Nick JonesDirector – Capital [email protected]
41%share
Year-end rally pushes total 2015 investment to the record level seen a year earlier
European Logistics & Industrial Capital MarketsQ4 2015
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
25
20
15
10
5
6% share*
9% share*
* % share on total commercial real estate volumes
2015 standout achievements at a glance
of capital invested in 2015 sourced outside of Europe or globally
Best transaction volume achieved since the previous peak (between 2005 – 2007) inBelgium, Italy, Netherlands, Slovakia and Denmark
31%
Strong YoY yield movement recorded across all markets in Q4 … albeit slowing from previous quarters
*markets highlighted in red recording below their historic peak in Q4 2015
Large-size and portfolio transactions continued
in portfolio transactions in 2015
11% YoY in volume terms
Moscow+25 bpsDublin
stable
20bps QoQ
60bps YoY
COPYRIGHT © JONES LANG LASALLE IP, INC 2015 All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of Jones Lang LaSalle. It is based on material that we believe to be reliable. Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.
JLL quarterly Logistics and Industrial analysis illustrates the current market condition and examines how it will evolve in the future.www.joneslanglasalle.eu
For more information
Alexandra TornowEMEA Logistics & Industrial [email protected]
Philip MarsdenHead of EMEA Logistics & [email protected]
Tom WaiteDirector - Capital [email protected]
Nick JonesDirector - Capital [email protected]
1% YoY
63% on 5yr average
83% YoY
94% on 5yr average
The Nordics marked their best ever result (€3.8 billion) as a region & the strongestregional growth in 2015 YoY (+30%)
€3.8 billion
Benelux at €1.5 billion was the only other region recording YoY growth at 23%, driven by growth in both Belgium and the Netherlands
€1.5 billion
UK recorded the highest ever volume in single asset deals exceeding €100 million, marking a total volume of €795 million, up 175% YoY
€795 million
2% almost stable YoY
€2.2 billion
Continued yield compression sees levels fall below the historic peak in some markets
5.9%*European primelogistics yield *excl. Moscow
14single assets
> €100 million
75-99 bps
BerlinDüsseldorfFrankfurtHamburgLyonMunichParis
25-49bps
LondonManchesterWarsaw
50-74 bps
Amsterdam
Budapest
StockholmRotterdam
AntwerpBarcelonaBrussels
MadridLeeds
PragueMilan
BirminghamGlasgow
2015 volumes
Record transaction volumes reached in
two out of three core markets, and
Finland
Francerose to 3rd in portfolio transactions
thanks to strong final quarter, up 83% YoY
Germany leads portfolio activity
with stable YoY volumesUnited Kingdomwith 2nd strongest portfolio
volume, down 38% YoY
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