Logistic Real Estate Investment and REITs in Europe

Mattarocci, Gianluca; Pekdemir, Dilek

doi:10.1007/978-3-319-69206-7

Cited by 3 publications

(15 citation statements)

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“…From an academic perspective, the paper offers interesting insights into the logistics real estate industry, with its analysis of the extant literature and extending the research in this field. In this sense, the results add to previous literature on the topic (Ma et al, 2018;Oh andShin, 2016, Buttimer et al, 1997), clarifying the concepts of quality (Case and Quigley, 1991) and functionality (Mattarocci and Pekdemir, 2017) in logistics real estate, as well as assessing the two aspects through a structured quantitative tool.…”

Section: Discussionsupporting

confidence: 73%

“…The proposed model, on the contrary, offers a comprehensive assessment of a number of relevant features, obtained from both literature and practitioners, and these are evaluated simultaneously. The assessment also takes into account the prevailing building functionality (warehouse versus cross-docking facility), as recommended by Mattarocci and Pekdemir (2017).…”

Section: Discussionmentioning

confidence: 99%

“…Apart from the above-reported features, the purpose of usage (a building 'functionality') seems to have been generally neglected in previous literature, despite being such an important factor for assessing a logistics facility. In line with Mattarocci and Pekdemir (2017), the functionality of a logistics facility indicates whether -and how closely -the building is 'fit for purpose'. In other words, functionality indicates whether a logistics building is suitable for hosting a certain type of logistics operations (e.g.…”

Section: Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…In this evolving landscape, assessing a logistics facility on the basis of its size (e.g. in terms of floor area) and a few other aspects, without resorting to a more structured holistic model, inevitably curtails the analysis (Mattarocci and Pekdemir, 2017;Rouwenhorst et al, 2000). Therefore, a growing need has emerged to come up with more sophisticated rating systems that are able to measure both the building's architectural and equipment featuresthat is to say the building "quality"at the same time as its compliance with logistics operating requirements, in other words, building "functionality".…”

Section: Introductionmentioning

confidence: 99%

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Benchmarking logistics facilities: a rating model to assess building quality and functionality

Baglio

Perotti

Dallari

et al. 2019

BIJ

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Purpose Logistics real estate has been experiencing a recent rebirth led by the growth of retailing and e-commerce. Although these sectors are looking for facilities matching their logistics needs, the identification of the most suitable building becomes a challenging task. To date, from both the practitioner’s and academic perspectives there is a lack of models for assessing the quality of logistics facilities together with functionality (i.e. whether a warehouse is suitable for hosting a given logistics activity). The purpose of this paper is to fill this gap by developing a rating model for assessing the quality and functionality of logistics facilities. Design/methodology/approach A three-pronged methodology was adopted. First, a Systematic Literature Network Analysis (SLNA) was carried out to identify the relevant features that must be taken into consideration when assessing logistics real estate. Second, a Delphi method involving experts in the field was used to fine-tune the list of features that emerged from the SLNA process and to evaluate the importance of each feature from a company perspective. The rating model was developed and validated through pilot tests on 27 logistics facilities. Findings The rating model is divided into four sections: location, technical specifications, external spaces and internal areas. As an output, the model determines the building quality and main functionality, together with a gap analysis to detect the weakest emerging elements. Originality/value This research fills an identified research gap in the logistics real estate literature. Specifically, it offers a quantitative and shared evaluation method, which can be used to estimate building quality and functionality, thus extending the scope of the previous assessment methods available.

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Section: Discussionsupporting

confidence: 73%

Section: Discussionmentioning

confidence: 99%

Section: Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Benchmarking logistics facilities: a rating model to assess building quality and functionality

Baglio

Perotti

Dallari

et al. 2019

BIJ

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How can logistics real estate support third-party logistics providers?

Baglio

Perotti

Dallari

et al. 2021

International Journal of Logistics Research and Applications

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In recent years the logistics outsourcing market has significantly expanded, driving also the growth of the logistics real estate sector. However, these subjects have been investigated separately, without empirical evidence on the assessment of warehouse features, nor studies matching those with 3PL providers' needs. This paper aims to fill this gap by providing a deeper understanding of the alignment between the 3PL industry's needs and the logistics real estate offering. An extensive literature review was used to investigate the characteristics of the logistics real estate industry and define the present and future challenges for the 3PL industry. Afterwards, 3PL warehouse features were analysed through data collected on 75 logistics buildings located in Italy. Results indicate that the logistics real estate seems relatively prepared to support the 3PL industry's needs. However, such alignment could be further strengthened through investments by the logistics real estate towards environmental sustainability and warehouse automation.

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Outer-suburban politics and the financialisation of the logistics real estate industry: The emergence of financialised coalitions in the Paris region

Raimbault

2021

Urban Studies

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Logistics real estate is a type of property rarely covered in the existing literature on the financialisation of property markets. The emergence of specialised international real estate firms, which act as developers, investors and property fund managers, means that the logistics real estate industry has taken a unique financialisation path. The present article explains the specific features of the financialisation of the logistics real estate industry and contributes to the understanding of the financialisation of outer-suburban governance. Based on a qualitative analysis of the European logistics real estate market and case studies conducted in the Greater Paris region, the article combines an analysis of the sociotechnical mediations of financial circuits in the logistics built environment with the study of emerging local public–private coalitions formed to develop logistics zones. As such, it will be seen that the domination of integrated global firms in logistics real estate depends on their capacity to form local coalitions.

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Logistic Real Estate Investment and REITs in Europe

Cited by 3 publications

References 0 publications

Benchmarking logistics facilities: a rating model to assess building quality and functionality

Benchmarking logistics facilities: a rating model to assess building quality and functionality

How can logistics real estate support third-party logistics providers?

Outer-suburban politics and the financialisation of the logistics real estate industry: The emergence of financialised coalitions in the Paris region

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