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Logistics: freight movements have reduced, real estate market at its peak

01 August, Tce Magazine

The Italian real estate market slowed down in the first six months of 2018. Logistics was the only segment in countertrend, as the demand from investors looking for warehouses and logistic hubs is still strong.

In its latest survey, Cushman & Wakefield reported that the investments in Italy in the first semester reached 3.3 billion euro. The figures show a 40% reduction from 2017, the record year for Italian real estate, but still above the average for the last ten years.

The warehouse segment represents about 12% of the total investments. It’s the only one reporting a positive trend, confirming its appeal thanks to the rise of mass distribution and e-commerce.

According to Cushman & Wakefield, “investors have been focusing on those opportunities offering long-term lease contracts and with reliable tenants. Investors also consider opportunities concerning the creation of new products matching the increasingly complex requirements of the operators of the sector”.

An additional proof of the positive trend of logistics come from Bnp Paribas Real Estate Italia. According to their researches, the transactions doubled from the first part of 2017. In fact, the first six months of 2018 reported transactions for 410 million in total. The figures are high and are growing in comparison with the 200 million registered in the same period of the previous year.

In the meanwhile, the Italian economy has slowed down, and the logistics industry with it. In the first and second quarter of 2018, the freight movements decreased by 2.5% from the 3.3% of the first part of 2017. Road transport registered a +3.1%, having dropped from the 4.4% of 2017.

According to Confcommercio-Conftrasporto, sea transport has grown, even though only by 0.6%, while air shipping is set at +0.2% (it was 11.7%last year). Road transport has still the biggest quota with 60.2%, followed by sea transport with 31.2%, 5.9% of rail and 2.7% of air shipping.

Source: Tce Magazine

Translator: Cristina Ambrosi

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