As 2015 draws to a close, investor demand in logistics and industrial assets continues to perform at an elevated level. This infographic takes a close look at the first three quarters of 2015 and what we can expect to see at year’s end. http://www.jll.eu/emea/en-gb/research/234/emea-logistics-industrial-capital-markets-q3-2015

1. COPYRIGHT © JONES LANG LASALLE IP, INC. 2015. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by
any means without prior written consent of Jones Lang LaSalle. It is based on material that we believe to be reliable. Whilst every effort has been made to
ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.
JLL quarterly Logistics and Industrial analysis illustrates the current market condition and examines how it will evolve in the future.
www.jll.eu
All figures are in sq m / €, based on logistics units >5,000 sq m
For more information
Alexandra Tornow Philip Marsden
EMEA Logistics & Industrial Research Head of EMEA Logistics & Industrial
alexandra.tornow@eu.jll.com philip.marsden@eu.jll.com
Tom Waite
Director – Capital Markets
tom.waite@eu.jll.com
Nick Jones
Director – Capital Markets
nick.jones@eu.jll.com
34%
share
2015 investment expectations kept stable despite growing constraint of prime product
European Logistics & Industrial Capital Markets
Q3 2015
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
25
20
15
10
5
6% share*
10% share*
FY 2015
outlook
Q1-Q3 2015
€13.3 bn
* % share on total
commercial real
estate volumes
Continued strong international capital invested in European logistics & industrial assets
of capital invested in Q1-Q3 2015
sourced outside of Europe or globally
29%
Strongest growing investor sources of capital in Q1-Q3 2015 on the 5-year average
… with strong YoY yield movement in Q3 2015 recorded across all markets
77%of total Q1-Q3 investment
in the Top 3 markets/regions
Large-size and portfolio transactions continued
in portfolio transactions in Q1-Q3 2015
>=100
bps
Barcelona
Berlin
Dublin
Manchester
75-99
bps
Birmingham
Düsseldorf
Frankfurt
Hamburg
Lyon
Munich
Paris
50-74
bps
Amsterdam
Budapest
Stockholm
Rotterdam
25-49
bps
Antwerp
Brussels
Leeds
London
Prague
Warsaw
Moscow
+75 bps
10bps
QoQ
50bps
YoY
COPYRIGHT © JONES LANG LASALLE IP, INC 2015 All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any
means without prior written consent of Jones Lang LaSalle. It is based on material that we believe to be reliable. Whilst every effort has been made to ensure
its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.
JLL quarterly Logistics and Industrial analysis illustrates the current market condition and examines how it will evolve in the future.
www.joneslanglasalle.eu
For more information
Alexandra Tornow
EMEA Logistics & Industrial Research
alexandra.tornow@eu.jll.com
Philip Marsden
Head of EMEA Logistics & Industrial
philip.marsden@eu.jll.com
Tom Waite
Director - Capital Markets
tom.waite@eu.jll.com
Nick Jones
Director - Capital Markets
nick.jones@eu.jll.com
Q1-Q3 2015 volumes
52%
on 5yr average
92% on 5yr average
North America
up nearly
4-times
Nordics
€2.6bn
Germany
€2.6bn
Asia
up 3-times
United Kingdom
€ 5.2bn
€1.4 billion
up almost 5-times on Q1-Q3 2014,
almost half of the assets located in the UK
Investor demand exceeding prime product drives further yield compression in Q3 2015
6.1%*
European prime
logistics yield
*excl. Moscow
11
single assets
> €100
million
Madrid
Milan
Glasgow
UK & Germany
lead portfolio activity