At MIPIM 2024, Kajima Properties Europe’s directors spoke to fDi Intelligence about how nearshoring is accelerating Europe’s logistics investment growth.
Our Managing Director, John Harcourt explained: “We’ve had Covid, geopolitical upset, the Ever Given containership blocking the Suez Canal and Houthi rebels attacking ships. All these things start to upset supply chains, and no business in Europe is prepared to take the risk anymore, particularly at a time where there’s more stress on economic growth.”
Discussing why large-scale logistics hubs are gaining traction, Head of European Investments Daniel Bumpstead added: “Businesses are finding ways to make their logistics networks more efficient. In some of our buildings, tenants who had around four logistics warehouses have consolidated into one… That links back to cutting emissions from lorries driving between units, but also cutting costs because one of their biggest costs is transport.”
Read the full article on fDi Intelligence here.
