Market Report for Commerce Industry Storage Logistics Cologne 2012

Transcription

1 Market Report for Commerce Industry Storage Logistics Cologne 2012 Aluhalle Carlswerk, Cologne-Mülheim 1

2 Location and Infrastructure Cologne lies in the middle of the Rhineland, which with over seven million inhabitants is the strongest economic location in Germany located in the heart of Europe. The cities of Aachen, Bonn, Düsseldorf, Koblenz, Maastricht and the Ruhrgebiet conurbation are all located within a radius of 100 km. The region of Cologne has a highly efficient and dense road, rail, air and waterway network which ensures excellent nationwide links within Germany and Europe. In addition to this, Cologne is one of the largest trans-shipment centres for combined load traffic in Europe. Highly-efficient terminals ensure seamless goods handling between road, water and air transport. Cologne/Bonn Airport (the second largest air freight airport in Germany) Freight volume 2011: 740,000 t Eifeltor Freight depot (largest trans-shipment station in Germany) Container volume p.a.: 400,000 TEU* Terminal Nord (North) (trans-shipment station) Container volume p.a.: 400,000 TEU* Rheinhäfen (Rhine docks) (the second largest inland port capacity in Germany) Freight handled in 2011: 12.7 million t Autobahnen (motorways) (Cologne Autobahnring) A1, A3, A4, A57, A59, A555, A559 Largest employers in the IHK (Chamber of commerce) district AXA AG, Allianz AG, Bayer AG, Deutsche Bank AG, Deutsche Lufthansa AG, DKV AG, Ford-Werke GmbH, Galeria Kaufhof GmbH, Generali AG, Gothaer VVaG, LANXESS AG, Sparkasse KölnBonn, Stadtwerke Köln Konzern, Talanx AG, REWE Group, RTL, WDR. * Standard unit for containers, semi-trailers and swap bodies REISSWOLF Mathias-Brüggen-Straße 2

3 Selection of Leases 2012 Tenant (location) Type Rented space Objectflor (C-Eifeltor) Storage Area 18,000 m² Rosenbaum Fruchtimport (C-Eifeltor) Storage Area 9,300 m² Bühnen Stadt Köln (C-Mülheim) Storage Area 7,600 m² EKOL Logistik (C-Eifeltor) Storage Area 5,000 m² Alltex (C-Porz/Gremberghoven) Storage Area 3,000 m² Ford (C-Merkenich) Storage Area 3,000 m² Deutsche Post (C-Mülheim) Storage Area 2,600 m² Stahl GmbH (C-Ossendorf) Storage Area 2,000 m² Storage Area Turnover in Cologne 2011 and 2012 Development and Forecast m² m² m² m² m² m² m² m² m² The turnover of storage and logistics space in 2011 was particularly influenced by the lease of a newly constructed distribution centre for North Rhine-Westphalia by the drugstore chain Rossmann (30,000m²). Ford and other tenants in the logistics and assembly centre Supplier Park, located directly next to the Ford plant, extended their lease agreements for a total of around 50,000 square metres. The total lease turnover stood at around 90,000 square metres. So far this year, there has been no agreement signed for space of more than 20,000 square metres. The lease volume at the effective date ( ) stands at around 80,000 square metres. Up to the end of the year, a total lease volume of around 100,000 square metres has been predicted. 3

4 Industrial Space Turnover up to 15 November 2012 According to Size Category 12,001-20,000 m² 27% 3,000 m² 29% 8,001-12,000 m² 14% 5,001-8,000 m² 11% 3,001-5,000 m² 19% Current Market Situation The market for storage space units of up to 2,500 square metres is mostly balanced. For storage space units above 2,500 square metres, the supply slightly exceeds the demand. The current total supply of storage space in Cologne amounts to around 190,000 square metres. This figure includes individual storage areas of more than 1,000 square metres within Cologne s city limits. At present, mostly lease agreements with a contract length of three to five years are being signed. When incentives are granted, in most cases these are rent-free periods. Rental Prices for Storage and Distribution Spaces Existing Properties New Properties <1,000 m² >1,000 m² <1,000 m² >1,000 m² Storage Space Industrial Estates 4.50 /m² 4.30 /m² 4.95 /m² 4.85 /m² Storage Space Secondary 4.10 /m² 3.90 /m² 4.30 /m² 4.00 /m² Locations Service Space 5.50 /m² 5.20 /m² 5.75 /m² 5.50 /m² Affiliated Office Space /m² /m² 4

5 Selection of Sales 2012 Location Grounds Storage Area Purchaser Girlitzweg (C-Müngersdorf) 5,300 m² 2,500 m² Hillesheim August-Horch-Straße (C-Porz/ 5,200 m² 2,000 m² Marquardt Gremberghoven) Richard-Byrd-Str. (C-Ossendorf) 2,200 m² 900 m² Uncle Sam Prices of Commercial Premises Purchase Prices of Undeveloped Plots According to Location Quality Cologne ca. 110 to 150 Euro/m² Leverkusen ca. 100 to 120 Euro/m² Rhein-Erft District ca. 30 to 120 Euro/m² Bergisch-Gladbach ca. 105 to 145 Euro/m² Rheinisch-Bergisch District ca. 30 to 120 Euro/m² Property market report of the Property Evaluation Committee, Boris NRW Selection of Current Logistics Property Projects Construction Estimated Space Property / Location start Invest. vol. (m²) Extension of sorting plant Cologne/Bonn Airport (Europa m unknown Hub) UPS New building Terminal Nord m 150,000 (Freight Trans-shipment) (C-Niehl) Extension of freight transport centre Eifeltor (C-Rondorf) m unknown Extension of industrial complex unknown unknown 20,000 Oskar-Jäger-Straße (C-Ehrenfeld) Extension of Theo Steil (C-Deutz) unknown unknown 11,000 5

6 Industrial Estates in Cologne Industrial Estate Autobahn Airport Total Space Feldkassel / Fühlingen 2.4 km, A 1 30 km ca. 160 ha Longerich / 1 km, A57 24 km ca. 60 ha Bilderstöckchen Niehl 2.5 km, A 1 23 km ca. 500 ha Ossendorf 2 km, A 1, A km ca. 170 ha Marsdorf 0.5 km, A1, A4 24 km ca. 130 ha Eifeltor 0.5 km, A 4 21 km ca. 60 ha Rodenkirchen 3 km, A 4, A km ca. 120 ha Mülheim 2 km, A 3 15 km ca. 60 ha Poll 0.8 km, A km ca. 56 ha Porz / Eil / Gremberghoven 0.5 km, A59 6 km ca. 170 ha Rossmann Central Warehouse Cologne 6

7 Structural Data IHK-District Cologne Ind.tax Assessment Rate Social Security Employees Unemployment Rate* Inhabitants Cologne 1,036, , % Leverkusen 160, , % Rhein-Erft District 465, , % Rheinisch- Bergisch District 277, , % * November 2012 Outlook The German economy grew in the first three quarters of In the current quarter, a slight decline has been forecasted. The risk of a recession as a result of a further escalation of the euro crisis and the conflict in the near east still remains. However, both the ifo-institut and the Hamburg Institute of International Economics have predicted that there will be no fully-fledged recession in Germany. For 2012 an economic growth rate of between 0.6 and 0.9 percent has been predicted. For 2013, the majority of economic research institutes expect a slight economic revival and have projected a growth rate of between 0.5 and 1 percent. In the IHK (Chamber of Commerce) region of Cologne in 2011, the transport industry was not able to match the economic growth experienced by other industry sectors. According to the questionnaire conducted by the IHK, the economic climate indicators for the economic situation have fallen into the negative zone. According to the logistics indicator of the Kiel Institute for the World Economy, the outlook for the transport industry for the coming year has dampened. The investment intentions of the logistics service providers remain intact, the business and industrial enterprises expect further growth in the demand for logistics services. 7

8 Should you have any questions, please contact: Frank Klähn, Head of the Industry/Trade Division GREIF & CONTZEN Immobilienmakler GmbH Pferdmengesstraße 42, Köln Telephone: (0221) Telefax: (0221) Frank Pönisch, Managing Director GREIF & CONTZEN Beratungsgesellschaft mbh Pferdmengesstraße 42, Köln Telephone: (0221) Telefax: (0221) Greif & Contzen Beratungsgesellschaft mbh, All rights reserved. These documents are our intellectual property and are subject to our copyright. They are only intended for the addressees. Any reproduction, amendment or forwarding to third parties, even if this occurs only partially, requires our explicit, prior and written consent. As long as no copyright exists as it lies with a third party, we refer to their copyright. 8