Investors have enjoyed growth from logistics and industrial property in Central & Eastern Europe (CEE), but this week there will be a forensic look into the dynamics of the sector in a special PropertyEU event.
The PropertyEU Logistics in CEE Roundtable is being held this Thursday, with Colliers, CTP, GARBE Industrial, Greenberg Traurig, and Prologis present.
Taking part is Luke Dawson, Managing Director and Head of Capital Markets Central and Eastern Europe at Colliers, Richard Wilkinson, Deputy CEO of CTP, Martin Polak, Managing Director Central & Eastern Europe at GARBE Industrial, Agnieszka Stankiewicz, Partner Warsaw real estate at law firm Greenberg Traurig, and Pawel Sapek, Regional Head, Central Europe for Prologis.
Much has been made of rental growth in CEE logistics, but how does it vary from country to country, and do developers see prices increasing? And what role do government initiatives play?
That is just one discussion point on the horizon.
Last mile, far away?
As participants draw comparisons with Western Europe, there is already a clear point of difference that has got experts talking on both sides; while last-mile logistics has taken off in the west, this segment is not guaranteed to lift off in quite the same way in the CEE region.
And, while e-commerce has been booming both before and during the Covid-19 crisis, perhaps logistics in CEE would have fared much better without the new challenges the pandemic has brought with it.
Local players might feel they have an advantage, so the tricky question of transparency remains in markets such as Poland.
The slower demand for data centres is also due to be debated. Meanwhile, nearshoring and postitive prospects for the automotive sector in the region are bright spots.
PropertyEU will bring readers a report following the discussion and please check out the April/May issue of the magazine for a full article.