Setting the SceneThe North West Logistics Property MarketJon SleemanDirector, ResearchJune 2013Scene
The North West is a significant logistics market-510152025302008 2009 2010 2011 2012MillionssqftNorth West Rest of GB10% 3...
It has a strong base ofmanufacturers, retailers and logisticscompaniesTake-up 2012 and to date in 2013Revolution, Chorley ...
Immediately available new space is in short supplybut the region has a relatively good supply of sitesJune 200915 new unit...
The North West is well placedto capitalise on the newdrivers of logistics location• E-commerce and the growthof multi-chan...
Outlook• Business sentiment is slowly improving:• CBI Industrial Trends Survey (May): +18% output expectations.• BCC forec...
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Logistics 2013: Jon Sleeman

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Head of UK research at Jones Lang LaSalle gave an expert presentation on the health of the North West industrial property market in a national context.

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Logistics 2013: Jon Sleeman

  1. 1. Setting the SceneThe North West Logistics Property MarketJon SleemanDirector, ResearchJune 2013Scene
  2. 2. The North West is a significant logistics market-510152025302008 2009 2010 2011 2012MillionssqftNorth West Rest of GB10% 31% 16% 22% 15%‘Grade A’ logistics take-up (units of 100,000 sq ft and over).Over the 5 years (2008-2012) the North West accounted for 17% of total GB take-up.Percents are share of GB total
  3. 3. It has a strong base ofmanufacturers, retailers and logisticscompaniesTake-up 2012 and to date in 2013Revolution, Chorley – 125,000 sq ftStakehill Industrial Estate69, Middleton – 102,836 sq ftWalker Park, Blackburn – 192,000 sq ftPhoenix, Ellesmere Port – 405,000 sq ftLink 5/56 Bailey Castle TradingEstate, Warrington – 145,000 sq ftOldham Broadway BusinessPark, Chadderton – 126,343 sq ftOmega, Warrington – 198,000 sq ftCentre Point 5, Trafford Park -179,174 sq ftSatellite Park, Chadderton – 332,956 sq ftNorthern GatewayJupiter, Knowsley – 143,000 sq ftOne 175 Winsford Industrial Estate, Winsford - 175,000 sq ftOmega, Warrington – 156,000 sq ftSource: Jones Lang LaSalleOmega, Warrington – 430,000 sq ft
  4. 4. Immediately available new space is in short supplybut the region has a relatively good supply of sitesJune 200915 new units totalling 4.5 million sq ftJune 20133 new units, 434,000 sq ftMatrix Park, Sovereign Way, Chester- 102,029 sq ftLancashire Business Park, Leyland- two units each totalling 166,000 sq ftunder construction
  5. 5. The North West is well placedto capitalise on the newdrivers of logistics location• E-commerce and the growthof multi-channel retail• The growth of portcentriclogistics• Rising interest in intermodallogistics
  6. 6. Outlook• Business sentiment is slowly improving:• CBI Industrial Trends Survey (May): +18% output expectations.• BCC forecasts (31 May): GDP growth upgraded.• Market confidence is gradually improving with speculative development returning– IM Properties at Birch Coppice (West Midlands).• We expect corporate demand in the logistics market to increase this year.• The North West is the largest regional economy outside London and the South Eastwith an excellent logistics ‘offer’.• It is well placed to capitalise on trends in e-commerce, portcentric logistics and intermodal logistics.6

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