The structural change in consumer behaviour, accelerated by the COVID-19 crisis, has made more consumers embrace the convenience of online shopping. As a result, investor demand for European industrial assets is at an all-time high, driven by the strong growth of ecommerce and the subsequent need for occupiers to bolster their supply chains. According to Real Capital Analytics, investment volumes (across all sectors) reached €340 billion in 2021, very close to the 2019 record high.