There’s an arms race going on right now in the world of London grocery deliveries, and it is creating big potential profits but also significant risks for the owners of industrial property in the UK capital. Consumer habits are changing, and venture capital investors are trying to tap into those needs. We get anything and everything delivered to us now, and at least eight new startups have moved into the London and UK grocery delivery market in just the last year, some of them promising deliveries in as little as 15 minutes. The start of 2021 has seen a particular rush of new entrants. Weezy, Get, Dija and Gorillas are the highest profile names, and that quartet have raised almost $850M of VC funding, with Istanbul-based Getir and Gorillas raising $590M in March alone, a big slug of which will be spent cracking the London and UK market. Proptech VC firm Fifth Wall was one of the lead investors in the Gorillas fundraising round. 
Big sector players like Segro, Mileway and Prologis speaking at Bisnow's recent digital industrial summit all cited these type of firms as being a major source of demand in the market right now.“We're on a quick and rapid acquisition programme,” Weezy Head of Property Erin Peyman…  Read the full story here. | 
