#71 Richard Bains, Managing Director - Chancerygate
People Property Place
The Future of Long-Term and Urban Logistics
Long-term and urban logistics are expected to become a significant asset class for investors due to the challenging supply-demand dynamics in the industry. The difficulty in planning, high construction costs, and limited new supply are creating opportunities for Grade A properties over older stock. There is a growing investor appetite for larger units over smaller ones, especially among big corporates. The shift from traditional retail spaces to modern, customer-friendly storage units with office spaces is evident. However, the sector is facing a challenge of losing industrial land to housing due to the higher demand for residential space, highlighting a need to allocate more land for industrial purposes.
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