2015 was another highly active year for the European logistics property investment market. This infographic takes a close look at the main investment trends we saw in 2015 across Europe.

1. France
Germany
Finland
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
41%
share
Year-end rally pushes total 2015 investment to the record level seen a year earlier
European Logistics & Industrial Capital Markets
Q4 2015
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
25
20
15
10
5
6% share*
9% share*
* % share on total commercial
real estate volumes
2015 standout achievements at a glance
of capital invested in 2015
sourced outside of Europe or globally
Best transaction volume achieved since
the previous peak (between 2005 – 2007) in
Belgium, Italy, Netherlands,
Slovakia and Denmark
31%
Strong YoY yield movement recorded across all markets in Q4
… albeit slowing from previous quarters
*markets highlighted in red recording below their historic peak in Q4 2015
Large-size and portfolio transactions continued
in portfolio transactions in 2015
11%YoY in volume terms
Moscow
+25 bpsDublin
stable
20bps
QoQ
60bps
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
1% YoY
63%
on 5yr average
83% YoY
94% on 5yr average
The Nordics marked their best ever
result (€3.8 billion) as a region & the strongest
regional growth in 2015 YoY (+30%)
€3.8 billion
Benelux at €1.5 billion was the only other region
recording YoY growth at 23%, driven by
growth in both Belgium and the Netherlands
€1.5 billion
UK recorded the highest ever volume in
single asset deals exceeding €100 million,
marking a total volume of €795 million,
up 175% YoY
€795 million
2% almost stable YoY
€2.2 billion
Continued yield compression sees levels fall below the historic peak in some markets
5.9%*
European prime
logistics yield
*excl. Moscow
14
single assets
> €100
million
75-99
bps
Berlin
Düsseldorf
Frankfurt
Hamburg
Lyon
Munich
Paris
25-49
bps
London
Manchester
Warsaw
50-74
bps
Amsterdam
Budapest
Stockholm
Rotterdam
Antwerp
Barcelona
Brussels
Madrid
Leeds
Prague
Milan
Birmingham
Glasgow
2015 volumes
Record transaction
volumes reached in
two out of three
core markets, and
Finland
France
rose to 3rd in portfolio transactions
thanks to strong final quarter, up 83% YoY
Germany
leads portfolio activity
with stable YoY volumesUnited Kingdom
with 2nd strongest portfolio
volume, down 38% YoY
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