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European warehouse demand surges as e-commerce giants snap up spaces

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Staff make their way around the aisles collecting items before sending them to the on-site dispatch hall to be packaged inside one of Britain’s largest Amazon warehouses in Dunfermline, Fife.

Jane Barlow | PA Images | Getty Images

BEIJING — Big investors are pouring money into warehouses in Europe as online shopping for goods — some all the way from China — takes off in the wake of the coronavirus pandemic.

E-commerce was already growing before the emergence of Covid-19 forced people to stay home and storefronts to close. Now, the pandemic has likely sped up the pace of e-commerce adoption by about 12 months, real estate consultancy Savills said in a December report citing the Centre…



Source cnbc.com

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