The online shopping boom has driven investment in warehouses to record highs as retailers scramble to expand their last-mile delivery facilities.
Investment in distribution warehouses skyrocketed 25 per cent last year to a record £4.7 billion, a whopping £500 million more than the record set in 2014, according to the latest data from Savills.
As successive lockdowns drove ecommerce sales to record highs, accounting for nearly half of all spend in December, investors have shifted their money from struggling shopping centres to the UK retail logistics sector.
