Consumers have grown used to being able to order products online and see them delivered to their doors the next day, if not the same day.
In order for that to be possible, companies require facilities to store goods ever closer to their customer base.
The result has been a boom in demand for last-mile logistics sites. In recent months, the likes of LCP, Crosstree, Bloom, Tritax and Chancerygate, to name but a few, have all struck multi-million-pound deals for last-mile logistics sites.
That should come as no surprise. After all, last-mile logistics is very much the flavour of the month among investors. Nothing lasts forever, however. So is there a danger that the market could reach saturation point?
And could values start to fall and investor interest wane?
