‘We feel that urban logistics has the best fundamentals by far in the logistics sector,’ he told Property EU, citing restricted land supply and rising demand, which together are driving rental growth in Europe’s core cities.

Increasing competition from alternative uses and rising construction costs make new development difficult, which is why Crossbay focused on acquiring existing assets as part of our value-add strategy: ‘For that reason, [we are] focused on existing stock, and how to revamp it and make it more institutional.’

Crossbay exclusively targets the last-mile segment, focusing on single-user distribution centres in gateway cities across Europe.

Read the full interview here.