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European-Seaport Markets Have Bright Future

Real estate demand around European seaports has risen substantially and will continue to rise over time.

By John McCloud | Updated on December 31, 2008

HAMBURG, GERMANY–A report from Jones Lang LaSalle reveals real estate demand around European seaports has risen substantially and will continue to rise over time. According to European Seaports: Future Logistics Hotspots, as the continent’s container ports become important gateways for inland networks, they are proving to be vital locations for logistics supply chains.

“This trend is favored by the shift of manufacturing towards the East – Eastern Europe, but in particular Asia – and the consequent need to import goods back to Europe,” says Alexandra Tornow, associate director for EMEA Research at Jones Lang LaSalle in Hamburg. “Coupled with the need to reduce overland costs in mainland transport, mainly through limiting transport routes, logistics operators are increasingly focusing on port or airport-centric logistics locations.”

According to Tornow, major logistic markets like Germany, France, Netherlands and Belgium are recording the highest take-up volumes, providing excellent gateways into the wider European market. Chris Staveley, head of JLL’s European cross-border team, says he expects Europe’s principal existing container ports to continue to attract the majority of logistics tenant demand, but he believes they will increasingly suffer from land constraints, forcing logistics companies to move away from direct seaport submarkets into the wider metropolitan areas.

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