Logistics investments: fewer new buildings on the market
LIP Invest’s logistics market report, which analyzes the properties offered to the company for purchase, has concluded that the share of new logistics properties available for purchase at the beginning of the year has fallen in comparison with the previous quarter. While half of the new buildings (<10 years) were still available at the end of 2018, this has now fallen to just over a quarter. In contrast, existing properties more than 25 years old account for half of the logistics properties available. In prime yields, LIP notes a decline of 30 basis points to 4.5% gross since the beginning of the year. Existing properties built before 1990 are still available, with yields between 7 and 7.75%.
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