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Take-up totalled 483,000 sq.m. in 2015, 19% below the 5-year average for the period 2010-2014.
Whilst take-up dipped in 2015, the market is expected to improve in 2016.
The E313 axis and the Antwerp-Ghent axis perform above their 5-year average.
The largest transaction of the year was the acquisition by Mobis Parts Europe of a 58,000 sq.m. turnkey project under development by Goodman. JLL acted as consultant.
A record volume of €295 million was invested in logistics properties in 2015, and the volume would have been higher if more product had been available.
Prime yields compressed in 2015, to 6.5%, and the prime yield remains under downward pressure as investors’ appetite remains high and offer remains low.
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09 February 2016