Investor Presentaiton
Trends in E-commerce
Strong logistics industry tailwinds in the UK, Germany and the Netherlands
Sharp growth in online penetration in Germany and the Netherlands
Changing consumer behaviour driven by the COVID-19 pandemic
has accelerated the shift in retail spending to online
Online penetration in Germany increased 20.7% y-o-y in 2020
Online penetration in the Netherlands increased 24.7% y-o-y in 2020
Online penetration
FRASERS
LOGISTICS & COMMERCIAL
TRUST
Online penetration and year-on-year ("y-o-y") growth for Germany and the Netherlands
15%
Germany
Netherlands
German Y-o-Y Growth
Dutch Y-o-Y Growth
10%
8.2%
8.7% 8.3%
7.8%
7.4%
7.4%
6.5%
5.7%
50%
10.5%10.3%
40%
30%
5%
+24.7%
+20.7%
20%
0%
10%
2016
2017
2018
0%
2019
2020
y-o-y growth
German industrial take-up (sqm'000)
(for warehouse > 5,000 sqm)
Dutch industrial take-up (sqm'000)
(for warehouse > 5,000 sqm)
Strong take-up in industrial space in Germany and the Netherlands
Take-up in Germany increased 19.0% year-on-year in Q1 2021
Take-up in Netherlands increased 8.7% year-on-year in Q1 2021
4,800
4,931 5,694 5,348
2,280
1,850 2,050
4,241
1,530
Demand is largely driven by the e-commerce market in Germany and
retail and distribution sectors in the Netherlands
690
1,280
1,280
1,540
1,200
1,484 1,765
690
330
550
780
690
750
2016
■ Q1
2017 2018 2019
■ Q2-Q4
2020
2021
2016
2017
2018
2019 2020
2021
■ Q1
■Q2-Q4
Source: eMarketer, BNP Paribas Real Estate Q1 2021.
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