Property Sector Spotlight : Industrial & Logistics
The industrial & logistics property sector became the hot favourite in 2020, outperforming all other property types.
The rise of e-commerce has driven major brands to expand their footprint and therefore leasing activity. Vacancy rates are at all-time lows and major development work is underway to meet demand. Several AREITS are continuing their growth in this asset class and Transaction volumes were up to $3.5 billion in 2020, from $2.3 billion in 2019 – as recently reported.
So, what makes the sector tick? Here are some attributes and advantages of the sector from our perspective.
Construction and development advantages
- Over time construction costs in the sector have been less susceptible to escalation than other asset types. This stability provides greater confidence to Developers when planning their next project.
- The speed of construction enables Developers to receive a return on their investment earlier than most other forms of development.
- Tried and tested construction techniques in the sector generally lead to less variations than other forms of construction.
- There are also tax depreciation benefits available to developers / investors upon project completion. Continue reading
We are pleased to announce that Stephen Cooke has joined Napier & Blakeley as an Associate Director to manage our Transaction Advisory team in Sydney. As part of our national team Stephen will also manage instructions throughout NSW and the ACT, and on National Property Portfolio acquisitions and disposals as they come to market.
Stephen is a trusted advisor who understands stakeholders desired outcomes throughout property and development cycles. He has a proven track record in identifying, assessing and mitigating a broad range of property risks associated with:
Stephen has over 15 years of professional experience – 11 of which were spent in Sydney, advising a range Australia’s leading property Investment and Development Groups who are both local and international stakeholders in the property investment sectors.
He will also work closely with our NSW Quantity Surveying Division, on some new large development projects coming to fruition with a need for both cost risk planning and development due diligence on the documentation, programme, heritage issues to be considered and the general services design assessment which may include GRESB and NABERS reviews.
For any further information or simply to say hello to Stephen you can contact by any of the following methods:
Stephen Cooke
Associate Director
m. 0409 228 552
e. scooke@napierblakeley.com
a. L8, 20 Hunter Street, Sydney NSW 2000
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