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MIPIM 2015 – PLP marks a successful first year

Deliverability, sustainability, scale and connectivity: these were the four themes at the PLP brunch event at MIPIM 2015.

Over 8o guests joined PLP for a champagne brunch at the beachside La Mandala restaurant on Wednesday 11 March 2015. PLP’s Matthew Fitton set the scene and gave some insights into the logistics landscape before he, Andy Martin and Iain Thomson moved on to update guests on the progress made by PLP since its launch exactly one year ago at MIPIM 2014. “12 months ago we stood here and launched the strategic marketing alliance that exists between the Peel Group, Peel Ports and Harworth Estates”, explained Matthew Fitton. “With PLP we created a brand under which over 70 land opportunities now sit, and over the last 12 months, there has been significant progress across this portfolio. Logistics seems to be the place to be at the moment and we use lots of words in this context – globalisation, containerisation, modernisation – but, when you drill down, a big big part of this is the right property in the right place. “And this is where PLP comes in; this is the PLP offer.” The speakers highlighted a number of key indicators within the logistics market that make it very exciting from our perspective:

Positive indicators for the logistics sector

  • On a macro level all logistics-based indicators look positive; take-up of grade A, 100,000k plus was up 8% on 2013 and approached 20m sq ft.
  • Almost 15m sq ft of space commenced construction in 2014, marking the largest amount of new development since 2007 – and 28% of this space was speculative.
  • Speculative development is returning to the regions and we are seeing speculative development on PLP’s sites.
  • Headline rents are rising and we are witnessing further yield comparison.
  • Government-backed initiatives such as the national infrastructure programme fully aligns itself with the vision for the logistics sector.
  • Increased move to e-tailing.
  • UK exports to the rest of the world have begun to increase, in line with increasing HGV movements to Europe.

“So nationally the outlook is positive – and PLP is positive about the next 12 months”, added Matthew. He then went on to explain the four key pillars of the PLP offer:

  • Scale: largest logistics-based UK land bank in key strategic locations read more
  • Sustainability: sustainable energy and water solutions to reduce carbon footprint read more
  • Connectivity: meeting modern supply chain needs with a choice of solutions read more
  • Deliverability: oven-ready land opportunities and full design teams in place read more

Contact us to find out more about how PLP can help you to future-proof your supply chain.