久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Europe

UK's retail logistics sector booming

By JONATHAN POWELL in London | China Daily Global | Updated: 2021-01-19 09:37
Share
Share - WeChat
People wearing protective masks walk past a window display of a closed retail store in London, Britain, Dec 20, 2020. [Photo/Agencies]

Investment in warehouses and storage facilities in the United Kingdom is booming with the shift to e-commerce creating record levels of demand for space to store retail goods for distribution.

Property company Savills reported that investment in the logistics sector was up by 25 percent last year, reaching 4.7 billion pounds ($6.35 billion), which eclipsed the 2014 previous record high by 500 million pounds.

The novel coronavirus pandemic has forced shoppers online and led to the stockpiling of essential goods in large warehouses, as investors seek to transfer cash from struggling office properties and retail centers.

Blackstone's 473 million pound purchase of a logistics platform from another US business, the world's largest warehouse company, Prologis, in October, was the biggest deal of the year, according to the Financial Times.

Savills highlighted that companies last year signed leases on 50 million square feet (5.3 million square meters) of warehouse space, surpassing the previous record of 37 million square feet, which pushed the vacancy rate down to 5.7 percent.

The UK's logistics sector now supports 2.6 million jobs "and that number is rising", according to the Sunday Times, noting that fast-fashion giants Asos and Boohoo this month announced plans for warehouses that will create 3,000 jobs.

It added that the proportion of retail sales made online has almost doubled to 36 percent during the pandemic and that "nobody expects it to sink back to the previous level once all shops reopen".

Nick Preston, fund manager at Tritax, which invests in European logistics real estate, told the Financial Times that "virtually every investor" was looking at the sector in 2020.

"It's the biggest herd of wildebeests you've ever seen: far-eastern investors, European institutions (and) private equity players wanting exposure to the sector."

The Sunday Times noted that after investing in the sector for two decades, Prologis is now worth $71.2 billion, and that Blackstone sold its European portfolio Logicor for 11 billion pounds to the China Investment Corporation in 2017.

James Seppala, Blackstone's head of European real estate, told the paper that the company is "continuing to invest actively in logistics across Europe, including in the UK".

He said: "We expect continued growth in demand because of changing consumer habits, which are a very powerful tailwind."

Online retail giant Amazon signed leases on a series of multimillion-square foot facilities around England last year, including 65 million pounds for land designated for housebuilders in northwest London.

The Sunday Times noted how this acquisition revealed the intense competition between warehouse operators and housebuilders for land on the edge of cities.

It reported that investors are searching for opportunities to repurpose other spaces, noting that last month, the City of London Corporation "agreed to allow Amazon to convert part of an underused car park into a mini delivery hub".

David Sleath, chief executive of Segro, a FTSE 100 company, suggested flats could soon be built "on top of warehouses" to satisfy demand for housing. He said facilities might even be "constructed underground".

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 男女扒开双腿猛进入免费网站 | 欧美日韩亚洲在线观看 | 亚洲欧美成人综合 | 久久成人免费观看草草影院 | 2022国内精品免费福利视频 | 亚洲国产精品不卡毛片a在线 | fc2久久| 欧美另类交视频 | 一级做a爰片性色毛片男 | 欧美另类激情 | 国产成人精选免费视频 | 国产精品高清久久久久久久 | 偷窥女厕国产在线视频 | 欧美另类综合 | 国产三a级日本三级日产三级 | 中国美女黄色一级片 | 日韩欧美亚洲中字幕在线播放 | 国产日产欧美a级毛片 | 中文在线视频 | 亚洲 欧美 成人日韩 | 2021国产精品自拍 | 亚洲国产二区三区 | 国产成人综合亚洲亚洲欧美 | 国内精品免费一区二区观看 | 性色xxx | 久久亚洲精品一区成人 | 亚洲影院手机版777点击进入影院 | 午夜影院美女 | 国产一区私人高清影院 | 男女午夜性爽快免费视频不卡 | 波多野结衣一区在线 | 欧美69视频 | 欧美大尺码毛片 | 玖玖99视频 | 久久久久综合一本久道 | 国产国产成人人免费影院 | 国产亚洲精品hd网站 | 91人人视频国产香蕉 | 国产1000部成人免费视频 | 一区二区视频在线 | 亚洲视频精品在线 |