Head of UK research at Jones Lang LaSalle gave an expert presentation on the health of the North West industrial property market in a national context.

1. Setting the Scene
The North West Logistics Property Market
Jon Sleeman
Director, Research
June 2013
Scene

2. The North West is a significant logistics market
-
5
10
15
20
25
30
2008 2009 2010 2011 2012
Millionssqft
North West Rest of GB
10% 31% 16% 22% 15%
‘Grade A’ logistics take-up (units of 100,000 sq ft and over).
Over the 5 years (2008-2012) the North West accounted for 17% of total GB take-up.
Percents are share of GB total

3. It has a strong base of
manufacturers, retailers and logistics
companies
Take-up 2012 and to date in 2013
Revolution, Chorley – 125,000 sq ft
Stakehill Industrial Estate
69, Middleton – 102,836 sq ft
Walker Park, Blackburn – 192,000 sq ft
Phoenix, Ellesmere Port – 405,000 sq ft
Link 5/56 Bailey Castle Trading
Estate, Warrington – 145,000 sq ft
Oldham Broadway Business
Park, Chadderton – 126,343 sq ft
Omega, Warrington – 198,000 sq ft
Centre Point 5, Trafford Park -179,174 sq ft
Satellite Park, Chadderton – 332,956 sq ft
Northern Gateway
Jupiter, Knowsley – 143,000 sq ft
One 175 Winsford Industrial Estate, Winsford - 175,000 sq ft
Omega, Warrington – 156,000 sq ft
Source: Jones Lang LaSalle
Omega, Warrington – 430,000 sq ft

4. Immediately available new space is in short supply
but the region has a relatively good supply of sites
June 2009
15 new units totalling 4.5 million sq ft
June 2013
3 new units, 434,000 sq ft
Matrix Park, Sovereign Way, Chester
- 102,029 sq ft
Lancashire Business Park, Leyland
- two units each totalling 166,000 sq ft
under construction

5. The North West is well placed
to capitalise on the new
drivers of logistics location
• E-commerce and the growth
of multi-channel retail
• The growth of portcentric
logistics
• Rising interest in intermodal
logistics

6. Outlook
• Business sentiment is slowly improving:
• CBI Industrial Trends Survey (May): +18% output expectations.
• BCC forecasts (31 May): GDP growth upgraded.
• Market confidence is gradually improving with speculative development returning
– IM Properties at Birch Coppice (West Midlands).
• We expect corporate demand in the logistics market to increase this year.
• The North West is the largest regional economy outside London and the South East
with an excellent logistics ‘offer’.
• It is well placed to capitalise on trends in e-commerce, portcentric logistics and intermodal logistics.
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