One of the most exciting areas in the property world in recent years has been logistics, in particular in those “big boxes” used by online retailers as regional distribution hubs and “last-mile” facilities that get the goods to our homes.
However, the supply of such properties is not keeping pace with demand as more and more of our shopping goes online. They are unsophisticated buildings compared with the average office block and can be in out-of-the-way locations such as industrial parks, which makes sourcing the land relatively easy.
Up to now, investors have had the opportunity to buy property companies specialising in this area such as Segro, the old Slough Estates, and Tritax Big Box. Shares in these have been hit along with the rest