Welcome to the September 1st Warehouse & Logistics News. As the UK economic news improves, it’s good to report the sun is also shining again on warehouse and logistics property. Investment in UK industrial and logistics property is soaring, accounting for over £1bn of capital in the first half of 2013, more than the total in 2012, according to the latest bulletin from global property advisors CBRE. And continuing the optimism, Knight Frank’s UK Market Outlook research note for August also reports offices and industrial leading the recovery for commercial property.
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On this positive note, and following Warehouse & Logistics News being media partners to the successful Completely Trade & Industrial Event for the UK property industry, which took place in June, in this issue we present our first quarterly Property Focus, sponsored by LaSalle Investment Managment aimed at bringing readers up to date on the latest developments in the UK warehousing and logistics property market.
We also have the latest news from the industry, with all our regular sections, plus scheduled features on Pallet Networks, looking at the major European, UK and regional pallet networks, and The Loading Bay, taking in Industrial doors, dock levelers and dock lifts.
The Headline Sponsor of the initial Warehouse & Logistics News Property Focus is LaSalle Investment Management, one of the enablers of the recent Completely Trade & Industrial Event. The Focus includes articles full of facts and figures from CBRE, the global property advisors, and Gerald Eve, one of the UK’s leading partnerships of chartered surveyors and property consultants, alongside the latest property news from the UK warehouse and logistics industry.
Within the Property Focus we also have an exclusive interview with Paul Till, Head of the National Business Space Team and Regional Director of LaSalle Investment Management, and a corporate profile on LaSalle, one of Britain’s biggest property investment management companies, with over 100 trade parks and other industrial assets under their management, with a value totalling over £1 billion.
As Paul Till says in our interview, warehousing and logistics is a competitive sector in the property market, with its growing emphasis on shorter leases. Landlord-tenant relationships are key, and it’s vital for both sides to benefit from making these relationships as friendly, easy and efficient as possible.
To quote from Knight Frank’s August report, the UK industrial property market requires everyone involved, be it landlords, tenants or investors, to have a measured mind set, which requires a determined move away from the extremes of bullishness and bearishness of the last 15 years. Watch this space!
We will be publishing our next Property Focus early in 2014. Meanwhile we hope you find this special feature helpful.
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