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Credit crunch and impact on the logistic real estate market
Barely a half year ago, Bart Vink of DTZ Zadelhoff concluded that logistical real estate was a “safe haven” in the Netherlands. DTZ went even so far to give this name to their own annual real estate report. However the developments of the past six months have radically challenged this conclusion and provided more than good reason for many well deliberated decisions to be taken on rent (extensions) and/or the development of real estate. In the future, tenants should not be surprised if the building they are renting changes of owner (out of necessity) or if discussions on the cost of rent do not come to an easily acceptable solution for both parties as a matter of course.
If you have questions or if you would like to offer your feedback to this article, you can contact Mari van Kuijk.