Agglo-logistics, the Dutch answer to the continuing rise of e-commerce

26 September 2018

Solely driven by the growth of e-commerce, the logistics real estate stock is expected to grow by a further 5% to 10% in the coming years. In addition, logistic service providers are increasingly opting for strategic locations outside the traditional hotspots like Venlo. This is illustrated in research report ‘Spotlight: Logistic real estate market' published today by international real estate advisor Savills.

 

In the Netherlands, the e-commerce sector has more than doubled in the past five years. Despite this strong growth, the share of e-commerce of total consumption (9.7%) remains relatively low compared to the other countries. In the US, the UK and Germany, e-commerce accounts for approximately 15% of total consumption. Partly as a result of this relatively low share, the Dutch e-commerce market looks set to continue its current strong growth. This will directly impact both the volume of the stock as the type of logistics.

 

Douglas van Oers, Co-Head Logistics at Savills: "E-commerce will not only drive further growth of logistics real estate, but will also create a different type of demand. Consumers are expecting shorter delivery times. This requires a different logistics model, which will also affect the real estate landscape. In countries like the UK and US, 'Urban distribution centres' are growing rapidly. With such distribution centres in the big cities, retailers can guarantee very short delivery times. This development seems to skip the Netherlands. "

 

Niek Poppelaars, Co-Head Logistics at Savills, adds: "Because of the short distances in the Netherlands, urban distribution centres as seen in London and Berlin for example, are deemed less necessary. In addition to the existing hotspots such as Venlo and Moerdijk, we see new logistical agglomerations arising, the so-called ‘agglo-logistics’. These centres are located at strategic locations, for example in Bleijswijk, from where several large cities can be supplied within an hour. With that in mind, Agglo-logistics seem to be the answer to the changing customer demand."

 

Due to the further growth of the logistics sector, logistics real estate remains extremely popular among investors. Just like last year, the share of foreign investments in the logistics real estate market is at unprecedented levels and stands at 73% in 2018 so far.

 

Download the full report here.

 
 

General Enquiries

Savills Amsterdam

 

Key Contacts

Niek Poppelaars

Niek Poppelaars

Associate Director
Agency

Savills Amsterdam

+31 (0) 20 301 2086

 

Susan Hatzmann

Susan Hatzmann

Communication Coordinator
Marketing

Savills Amsterdam

+31 (0)20 301 2066