Factsheet
Dutch market update 2013 Industrial and Logistics real estate
industrial.nl
Industrial and Logistics real estate The Netherlands
new take up in sqm 2013 per category
OVERVIEW
In 2013 we registered 104 real estate transactions of 5,000 sqm
8%
or more which can be divided over the categories logistics, light
logistics
light industrial
production
industrial, production and commodities. The total take up volume
reached a level of 1,420,000 sqm. The average seize of a
25%
transaction was 14,000 sqm.
67%
T
otal new take up
1,240,000 sqm
f
Almost 90% of the take up, or 1,240,000 sqm, was related to new
take up whereas 10%, or 180,000 sqm, was related to a lease
renewal. The diagram shows the differentiation in new take up per
category real estate.
take up 2013 stock vs build to suit
The total take up volume can be divided over existing properties
and new developments. We registered 20 build to suit transactions,
which makes 33% of the total volume. Large scale developments
stock
build to suit
33%
67%
were started for Action at Business Park Limburg (77,000 sqm), for
Canon/Nippon in Rotterdam (70,000 sqm) and for Schenker in
Tilburg (48,000 sqm).
new logistics take up
LOGISTICS REAL ESTATE
i Take up in sqm per year
1,200,000
Logistics real estate equals almost 70% of the total take up volume
in 2013. In comparison to 2012 the new logistics real estate take
1,000,000
up showed a decrease of approximately 20% down to a level
800,000
of 830,000 sqm. The decrease can be explained by the sober
600,000
domestic economy in 2013 and the delay in growth of emerging
400,000
countries.
Nevertheless, the second half of 2013, the economy showed a
little recovery. As a result the sector of road transportation showed
a better balance with slightly increasing rates. Logistics service
200,000
0
2010
2011
2012
2013
i Take up in 2013 in sqm per region
new
renewed
350,000
providers and express companies increasingly take advantage
300,000
of the growing E-commerce activities and also the airfreight
250,000
figures increased with 3,5% in the second half of 2013. It is to
200,000
be expected that these positive trends will contribute to further
150,000
recovery and increase of logistics take up in 2014.
100,000
50,000
Again geographically, the south part of the Netherlands showed
very strong numbers. The south axe from Roosendaal to Venlo can
be qualified as a hot spot logistics location. Remarkably the second
largest transaction in 2013 took place at Maasvlakte Rotterdam.
A new logistics facility of approx. 70,000 sqm will be developed
for Nippon Express and their client Canon.
industrial.nl
0
Am
ste
Ro
tte
rd
am
/
Sc
Ut
re
hi
rd
ph
am
ol
/
Ha
ch
ag
/
Al
m
t
la
er
e
Ar
nd
en
W
es
nh
em
/
tM
O
Ni
jm
eg
en
id
os
de
n
Br
Re
ab
tB
an
ra
m
t
ba
nt
/
ai
Lim
ni
ng
Ne
th
bu
rg
er
la
nd
s
Industrial and Logistics real estate The Netherlands
TOP 10 TRANSACTIONS LOGISTICS REAL ESTATE
#sqm
location
user
type
buy/lease lessor
1
77,000 Echt-Susteren
Action
build to suit buy
owner occupier
2
70,000 Rotterdam
Nippon
build to suit lease
Borghese
3
48,000 Tilburg
Schenker
build to suit lease
Dok Vast
4
39,000
Venray
Hewlett Packard
stock
lease
Harry Maessen
5
37,000
Zoetermeer
Miss Etam
stock
lease
Hanzevast
6
35,000
Zwolle
Wehkamp
build to suit
lease
WDP
7
33,000
Oosterhout
Rietveld
stock lease renewal
Equity Estate
8
33,000
Oud Gastel
Tommy Hilfiger
stock
lease
Schroders
9
31,000
Zaltbommel
Hitachi
build to suit
lease
Kadans
Broekman
stock
lease
Greenery
1031,000 Breda
h Action, Echt-Susteren
h Tilburg, Schenker
h Zwolle, Wehkamp
WEST-EUROPEAN E-COMMERCE INCREASES 10%
TRANSPORT AND LOGISTICS
(Source NDL)
(source ING, trends and developments)
With a nationwide turnover of € 103 billion The United Kingdom is
The transport and logistics sector employs 70,000 people in the
taking the lead as it comes to E-commerce. Second place is for France with
Netherlands. The added value to the Dutch economy is more than 17
€ 53 billion. The Netherlands are taking third position with a turnover of
billion euro. The sector plays a prominent role in almost every supply
€ 10,4 billion. The total turnover throughout Europe is € 173,8 billion.
chain in the Netherlands and is a key factor for economic growth.
investment volume 2010 - 2013
INVESTMENTS
600,00,000
With 23 investment transactions and a total volume of € 481
million we registered a major increase of 117% in relation
500,00,000
to 2012. Again the foreign investors showed great interest in
400,00,000
industrial and logistics real estate investments. The 2 largest
300,00,000
transactions were the acquired portfolio of Dok Vast by DELIN
200,00,000
Capital (Rus,UK) and the acquired portfolio of Syntrus Achmea by
100,00,000
Logicor (US). These 2 transactions had a total volume of € 168
million or 35% of the total investment volume. The diagram shows
2010
2011
2012
2013
0
the investment volume over the years 2010 – 2013.
TOP 5 INVESTMENTS 2013
#buyer
seller
product
price
1
Logicor
Syntrus Achmea
portfolio 6 logistics properties
€ 88 million
2
DELIN Capital
Dok Vast
portfolio of 2 logistics properties
€ 80 million
3
DELIN Capital
DHG
Distripark Sittard
€ 37 million
4
MBay Netherlands
VALAD
portfolio of 12 light industrial properties
€ 35 million
5
WP Carey
Aspen RE
logistics property Venlo
€ 30 million
industrial.nl
Industrial and Logistics real estate The Netherlands
About INDUSTRIAL real estate partners
INDUSTRIAL real estate partners is an
independent real estate consultancy company
with a strong focus on logistics and distribution
facilities throughout the Netherlands.
They particularly focus on agency, investments,
strategic real estate advice and developments.
From their offices in Amsterdam Airport,
Rotterdam Airport and Tilburg they cover the
1
important logistics regions.
3
2
By combining their national scope, expertise
4
and skills, they are committed to provide
the best possible services to owners, users,
6
(re)developers and authorities.
5
7
8
9
10
11
12
13
Amsterdam
T. 088 989 98 98
Rotterdam
info@industrial.nl
Tilburg
industrial.nl
DUTCH LAND PRICES & RENT LEVELS 2013/2014
land prices in € per m2
1Schiphol Airport
2
Amsterdam Port
rent levels warehouse space in € per m2 per year
250- 315
75 -85
215*
40
-
250*
-
65
3Almere
110- 165
35 -60
4Utrecht
230- 300
30 -65
5Arnhem/Nijmegen
125- 150
25 -60
6Bleiswijk/Waddinxveen
150- 265
40 -75
7
215*
40
Rotterdam Port
8Moerdijk
9
Breda/Bergen op Zoom/Roosendaal
-
275*
130- 160
95
-
135
-
65
30 -50
35
-
50
10
Tilburg/Waalwijk
125- 175
40 -50
11
Eindhoven
150- 190
40 -55
12
Venlo/Venray
115- 135
35 -50
75- 100
30 -50
13
Maastricht/Heerlen
* = for 50 year leasehold
Despite careful preparation and monitoring of this factsheet and the information it contains, Industrial real estate partners cannot guarantee its completeness, accuracy or actuality. Industrial real estate
partners accepts no liability for any direct or indirect damage of whatever nature arising from or in any way related to the use of this factsheet or the potential unavailability thereof.