As one of the most recent members of the European Union, Croatia is seen by many logistics groups a potential growth market and that has been reinforced with the news that the Gefco group, which specializes in automotive and industrial product logistics, is opening up a new subsidiary in Zagreb.
Logistics firm Deutsche Post DHL is investing $25m in its operations in the Philippines to further expand its supply chain business and warehousing facilities.
Demand for U.S. industrial distribution centers, larger than 300,000 square feet, is high and rising, according to real estate services firm Jones Lang LaSalle's first "Big Box Velocity Index". Improving economic conditions, the continuing growth of e-commerce and a deep bench of tenants seeking space have all created this highly competitive fight for industrial and warehousing space. As a result, there is 96.7 million square feet of industrial construction under way, with nearly half speculative, with an average building size of 360,000 square feet.
Development activity in Europe's main logistics markets is at its highest level since the economic downturn in 2008, driven by build-to-suit and owner-occupied developments.
London Heathrow is the most expensive logistics location in the world, according to a new report by DTZ. The property solutions firm's Global Occupancy Costs Logistics 2013 report reveals that renting a logistics facility around the London airport will cost $313 per square meter a year.
DSC Logistics has announced the expansion of their U.S. network with the construction of a state-of-the-art Food / CPG Retail Consolidation Logistics Center in the new logistics park in Moreno Valley, California. Kraft Foods Group, one of North America's largest consumer packaged food and beverage companies, will be the first customer in the building, scheduled for a late 2013 opening.
European occupier appetite for industrial and logistics property is expected to rise significantly in the next two years, according to a survey of senior property investors, developers and occupiers conducted by CBRE.