Investor Presentaiton
Trends in E-commerce
Strong logistics industry tailwinds in the UK, Germany and the Netherlands
UK and Germany are the two largest e-commerce markets in Europe and among the top 10 globally
E-commerce sales in top-10 e-commerce markets (USD bn, 2020)
FRASERS
LOGISTICS & COMMERCIAL
TRUST
% change 16.0%
18.0%
14.7%
5.8%
19.5%
16.2%
17.1%
21.0%
20.7%
22.9%
2,090
1,802
2019 2020
710
602
134 154
123 131
87 104
79
92
66 77
43 52
32
39
27
33
The COVID-19 pandemic has accelerated online retail spending in the UK, spurring strong demand for logistics real estate
Y-o-Y breakdown of UK retail sales through e-commerce (%)
E-commerce-driven industrial demand in UK (m sq ft)
No. of UK logistics units vs vacancy rate
50%
100
160
10%
45%
92
Only 4
40%
I
Online retails sales as a % of
35%
I
30%
total retail sales has accelerated!
due to the pandemic
+46.0%
90
c.3x
140
500k sq ft +
9%
80
120
buildings
8%
70
available
7%
60
25%
units
100
50
80
20%
40
30
15%
30
10%-
20
Number
60
TTT
6%
5%
4%
3%
40
2%
5%
10
20
1%
0%
0
0
2016
0%
2017
2018
2019
2020
2020
2021F
2022F
2023F
2024F
2016
2017
100-250k sq ft
500k sq ft +
2018
2019
2020
250-5000k sq ft
UK vacancy rate (rhs)
Source: CBRE Limited, Property Data, UK Office for National Statistics.
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