UK, Germany and Norway were the three largest industrial investment markets in 2010, according to new research from Jones Lang LaSalle unveiled at MIPIM today.
Across Europe, industrial real estate investment volumes in 2010 reached €8bn (£6.9bn), a 28% increase compared with the previous year.
JLL’s European industrial markets spring 2011 research showed that the UK remained the largest European industrial investment market last year, recording 35% of the total volume.
Investors focused predominantly on the major Western European markets, with Germany accounting for 14% of the total volume, the strongest country outside of the UK and the only market beside the UK to top the €1bn mark last year.
Norway’s fourfold growth was the strongest in the region, propelling it ahead of Sweden for the first time in 10 years and into the top three markets in Europe.
Meanwhile, the JLL report showed European take-up for large sheds totalled 157.1m sq ft last year, 30% higher than 2009 and its highest level since JLL began compiling its data series in 2000.
Almost every market recorded increasing volumes of take-up in 2010, led by the UK (124%), Russia (102%), Czech Republic (46%), Poland (34%), Germany (32%) and Spain (31%).