It has been a wild ride for the UK industrial real estate sector over the past few years. And after a dramatic fall in 2022, the market is now in a steady recovery mode. After years of constant rises, UK industrial values fell 21% last year, data from CBRE showed, more than any other sector. Even in the wake of Lehman’s collapse in 2008, real estate values did not fall that fast. But the sector that has benefited hugely from changes in how western society consumes goods is seeing the wheel turn again.
“What we saw was a massive overreaction,” Opus Land Joint Managing Director Victoria Turnbull told the audience at Bisnow’s UK Industrial and Logistics Transformation event, held at the Royal College of General Practitioners in London.“We were under offer on something and [following Liz Truss’ mini-budget last September], overnight, there was… Read the full story here. |