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Euro Forces Change in Industrial Markets

CANNES-The advent of the euro has accelerated the pace of change in European industrial property markets according to a new report from King Sturge

By Charlie Jacoby | Updated on March 15, 2002

CANNES-Industrial property markets across Europe are undergoing structural change in the wake of Economic and Monetary Union, according to a new report from property consultant King Sturge.

Occupiers are increasingly footloose, looking to gain competitive advantage by taking advantage of communications links and cost differentials, which means that some locations are winning business while others are losing.

The winners in Northern Europe have been Lille, Strasbourg and Paris in France and Liege in Belgium, where land values are relatively low and which are within a short drive time of major markets. But the losers have been Berlin, Dusseldorf and Stuttgart in Germany and Amsterdam and Rotterdam in the Netherlands where high rents and land values are restricting demand.

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