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PRW construction lowing in Europe, but booming in Middle East and Asia: overcapacity in the Netherlands and other EU countries, as well as ongoing pressure on rates, will have to be sorted out before the next surge in expansion takes place in Europe.(Warehousing World)
From:
Quick Frozen Foods International
| Date:
April 1, 2008
| COPYRIGHT 2008 E.W. Williams Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Even though the public coldstores in most West European countries, except for Ireland, have good occupancy rates, large-scale new construction or substantial expansion is not to be expected in the near term, because returns are simply not attractive enough at the moment. That's the opinion of Theo van Sambeeck, a principal of ColdStoreDesign.com, based in Zwolle, the Netherlands.
Operators have only been able to realize modest price increases lately, but these don't even...
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