The Netherlands Logistics Market

The Dutch economy has seen considerable growth with GDP rising consistently for the previous 19 consecutive quarters.

A growing economy has led to increased consumer spending with retail turnover growing by 3.3% in 2018 – the second highest growth rate for the country over the last ten years. The e-commerce market, in particular, has benefited massively with a 17.8% YoY increase!

An interesting statistic uncovered from Savills research was that e-commerce only accounts for 10.2% of total Dutch retail sales – much lower than other markets such as Germany and the UK. However, e-commerce usage in the Netherlands is the highest in the EU at 84%, showing a massive opportunity to convert ‘browsers’ into sales.

E-commerce growth has resulted in high demand for logistics space and with the sales opportunities available, this growth can be expected to continue. Unsurprisingly, with the growing demand, investor interest has increased massively and has delivered a highly active market.

Some large acquisitions this year include:

  • Patrizia Logistik-Invest Europa II purchase of the 57,000 sqm logistics property in Waalwijk.
  • Cording Real Estate Group has acquired an existing industrial portfolio in the Netherlands, comprising of four properties with a total lettable area of circa 22,300 sqm.
  • Delin Capital Asset Management has completed the acquisition of a 26,000 sqm logistics distribution centre in Gilze. The business has also entered a joint venture with Van Der Helm to develop a 37,000 sqm logistic complex in Den Hoorn.
  • Europa Capital completed the acquisition of a 51,502 sqm logistics warehouse in Oss.
  • Gramercy Europe purchased a 160,000 sqm warehouse distribution centre outside Rotterdam.

The rise in demand is quickly catching up with supply, forecasting increased rents and higher property asset value. The Netherlands logistics sector is clearly a lucrative market to be a part of and if the retail market continues to thrive as anticipated, it will only gain more investor interest.

Related Posts

Foundation Insights
Mon 12 Feb
Enhancing Commercial Property Value: The Importance of Customer Experience in Office Buildings

Alex Rowbottom