The lack of funding to develop new and existing logistics is forcing developers to cancel projects or pull out of some markets altogether, saysThomas Karmann, SVP of European operations at Logistics firm Gazeley. Speaking on the first day of EXPO REAL in Munich, Karmann said that he had just been approached by a German and a Spanish competitor looking to offload sites that they could not afford to develop.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
