LOGISTICS


MORE LETTINGS FOR GERMAN LINK PROJECT Logistics investor and developer Helios Europe has let 21,000 m2 Parks in Germany.


of the €250m Link Logistics The Link Logistics project – a collaboration


between Helios and property fund EPISO, co- advised by Tristan Capital Partners and AEW Europe – involves the development of 350,000 m2


of grade A warehouse space in


three locations across Germany. At Air Link Park Berlin, Unitax Pharmalogistik has taken 15,792 m2


Leipzig, German entity 3PL Nagel Group has taken a further 5,238 m2 25,300m2


.


. And at Direct Link Park, , extending its


facility completed in October 2012. The third Link Logistic project is Inter Link Park, Ingolstadt, which will provide 50,000 m2


Unitax Pharmalogistik, Air Link Park Berlin


PROLOGIS AND NORGES BANK LAUNCH JV Industrial real estate company Prologis has launched a €2.4bn joint venture with Norges Bank Investment Management (NBIM). The link-up will put


together a portfolio of prime distribution facilities owned by Prologis in 11 European global markets. The portfolio


comprises 195 properties covering 4.5m m2


and the jv


plans to acquire more assets for the portfolio. The venture, Prologis


European Logistics Partners, will be 50% owned by Prologis and NBIM respectively and has equity commitments of €2.4bn. NBIM manages


the Norwegian Government Pension Fund Global.


The EU is seeking to transfer freight from roads to waterways


LINKING UP TO MOTORWAYS OF THE SEA European logistics rents are expected to grow by 0.9% per year over the next five years but there will be above-average growth in the Baltic markets of Vilnius (6%) and Tallinn (2%), according to DTZ. These ports are being boosted by the European Commission-initiated


Motorways-of-the-Sea project, established in 2001 to transfer cargo traffic from Europe’s congested road network to waterways. Trade between the EU27 and the rest of the world increased by


14% between 2007 and 2011 but Europe’s transport system remains congested by inadequate connections between the regional markets, according to DTZ’s review of the Motorways-of-the-Sea project. The EC’s plans include enhancing links between east and west Europe and stimulating the growth of ports in less mature markets, providing logistics occupiers with more location choices. While Nordic markets Oslo, Helsinki and Gothenburg command the


highest rents, the most affordable markets are also established ports such as Marseille, Antwerp and Rotterdam, the report said.


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