industrial property market has seldom been such a popular destination
funds. Over the past five years,
consistently high total returns have placed it on the “buy” list
for many investors. Yet this is set in a context in which much manufacturing
industry continues to struggle and efficiency considerations continue
to squeeze costs in warehousing and logistics.
Over the next decade amongst other things manufacturing industry must
cope with massively increased global competition from China and the low
cost base offered by the east European states acceding to the European
Union in 2005.
will these factors affect industrial property markets? Will we see
an early-eighties style rationalization of the industrial stock reducing
it still further? Or might we see a manufacturing renaissance led by
high-quality, high-value products for the global market?
Distribution space has no fewer clouds on the horizon. Rigorous implementation
of the working hours directive, for example, may well see an industry
optimized around a completely different working pattern struggling
to rebuild itself.
report uses the existing UK industrial property market as its base
and reports the expectations of the main stakeholder groups against
set of ten-year scenarios. For investors, developers and occupiers
of industrial space this will provide important information for their