8/9/2019 CBRE H2 2014 Industrial MV

1/5

MARKETVIEW

Trade growth fuels occupier

market

The Netherlands Industrial Marketview H2 2014

EXPORTS PUT ECONOMY BACK ON TRACK

 AN TICIPATION ON GROWTH

H2 2014 CBRE Research © 2015 CBRE B.V.| 1

+29.7% y-o-y -3% y-o-y - 55bp y-o-y+45% y-o-y

HEADLINES

•

Exports are the main driver of the economic upturnin the Netherlands, with consumer spending still

lagging behind

•  Against the backdrop of economic stimuli, the

investment market for industrial property recorded

the highest turnover since 2008

• Trade growth and e-commerce operations are

driving demand for logistics space

• Shortage of modern, high-quality logistics space is

likely to boost new construction activity

8/9/2019 CBRE H2 2014 Industrial MV

2/5

MARKETVIEW

STRONG MODERNISATION TREND

NETHERLANDS INDUSTRIAL

0%

2%

4%

6%

8%

10%

12%

14%

16%

    2    0    1    0    Q    2

    2    0    1    0    Q    3

    2    0    1    0    Q    4

    2    0    1    1    Q    1

    2    0    1    1    Q    2

    2    0    1    1    Q    3

    2    0    1    1    Q    4

    2    0    1    2    Q    1

    2    0    1    2    Q    2

    2    0    1    2    Q    3

    2    0    1    2    Q    4

    2    0    1    3    Q    1

    2    0    1    3    Q    2

    2    0    1    3    Q    3

    2    0    1    3    Q    4

    2    0    1    4    Q    1

    2    0    1    4    Q    2

    2    0    1    4    Q    3

    2    0    1    4    Q    4

New (≤5yr)  Dated (>5yr) Dated (LT-avg)

INVESTORS SEEKING MOMENTUM

Chart 1. Logistics vacancy rate

H2 2014 CBRE Research © 2015 CBRE B.V.| 2

Source: CBRE Research

8/9/2019 CBRE H2 2014 Industrial MV

3/5

MARKETVIEW NETHERLANDS INDUSTRIAL

H2 2014 CBRE Research © 2015 CBRE B.V.| 3

Chart 2. Logistics take-up

Chart 3. “Mainport” cargo transhipment

Chart 4. Industrial investment

Source: Port of Rotterdam & Schiphol Group

Source: CBRE Research

Source: CBRE Research

200

250

300

350

400

450

85

90

95

100

105

110

115

    2    0    0    9    Q    1

    2    0    0    9    Q    2

    2    0    0    9    Q    3

    2    0    0    9    Q    4

    2    0    1    0    Q    1

    2    0    1    0    Q    2

    2    0    1    0    Q    3

    2    0    1    0    Q    4

    2    0    1    1    Q    1

    2    0    1    1    Q    2

    2    0    1    1    Q    3

    2    0    1    1    Q    4

    2    0    1    2    Q    1

    2    0    1    2    Q    2

    2    0    1    2    Q    3

    2    0    1    2    Q    4

    2    0    1    3    Q    1

    2    0    1    3    Q    2

    2    0    1    3    Q    3

    2    0    1    3    Q    4

    2    0    1    4    Q    1

    2    0    1    4    Q    2

    2    0    1    4    Q    3

    2    0    1    4    Q    4

Schiphol x 1,000 t

Rotterdam x mio t

Rotterdam Schiphol

0

500

1000

1500

2000

2500

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 x mio EURLogistics Multi-let Other

0

200

400

600

800

1,000

1,200

    Q    1

    Q    2

    Q    3

    Q    4

    2    0    0    9

    Q    1

    Q    2

    Q    3

    Q    4

    2    0    1    0

    Q    1

    Q    2

    Q    3

    Q    4

    2    0    1    1

    Q    1

    Q    2

    Q    3

    Q    4

    2    0    1    2

    Q    1

    Q    2

    Q    3

    Q    4

    2    0    1    3

    Q    1

    Q    2

    Q    3

    Q    4

    2    0    1    4

   x    1 ,    0

    0    0   s   q   m 

existing new pre-let/bts

8/9/2019 CBRE H2 2014 Industrial MV

4/5

MARKETVIEW NETHERLANDS INDUSTRIAL

Location Type Quarter Status Tenant Size (sq m)

Tilburg, Vossenberg-West II Logistics Q4 New Tesla Motors 49,000

Nieuwegein, Het Klooster Logistics Q2 Pre-let ND Logistics / Albert Heijn 41,000

Nijmegen, De Grift Logistics Q3 Pre-let Nabuurs / Heinz 40,000

Moerdijk, Seaport Logistics Q4 Existing Owim / Koolwijk 40,000

Tiel, Medel Logistics Q4 Pre-let Kuehne & Nagel 33,000

Hasselt, Zwarte Water Logistics Q4 Pre-let Scania 29,000

Tilburg, Vossenberg-West II Logistics Q4 Pre-let Coolblue 25,000

Oss, De Geer Logistics Q1 Pre-let Vos Logistics 25,000

Venlo, Business Park Siberië Logistics Q3 Pre-let Seacon Logistics 22,500

Bergen Op Zoom, Noordland Logistics Q3 Pre-let Forever 21 20,000

Location / portfolio Type Quarter Purchaser Price (€ M) Size (sq m)

Pelican portfolio Logistics Q1 Prologis 168.5 343,500

Nationwide portfolio Multi-let Q2 Hansteen 106.0 270,000

Zander portfolio Multi-let Q2 M7 Real Estate 78.0 175,000

Amsterdam, Casablancaweg Logistics Q4 DCAM 75.0 105,600

Echt, Action DC Logistics Q2 WDP 56.2 87,000

BIP Portfolio Multi-let Q2 M7 Real Estate 44.0 106,000

Waddinxveen, Transportweg Logistics Q4 DCAM 38.0 41,000

Hattrick portfolio Logistics Q1 LogiCor 34.5 56,250

Utrecht, Atoomweg Logistics Q4 USAA Realco 33.7 38,000

Venlo, Curve portfolio Logistics Q3 LogiCor 29.3 44,900

Table 1. Key occupier transactions 2014

Table 2. Key investment transactions 2014

H2 2014 CBRE Research © 2015 CBRE B.V.| 4

Source: CBRE Research

Source: CBRE Research

8/9/2019 CBRE H2 2014 Industrial MV

5/5

MARKETVIEW

Disclaimer: Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy,we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy andcompleteness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot bereproduced without prior written permission of CBRE.

OUTLOOK

NETHERLANDS INDUSTRIAL

CONTACTS CBRE OFFICES