Industrial property research analysts CBRE clarified the meaning of the Golden Triangle in our upcoming episode of The Logistics Podcast’s SHD Logistics Conference event preview, and what impact this term has for warehouse operators and decision makers.
Of the mystique surrounding the location of where the Golden Triangle actually resides, CBRE Head of Industrial & Logistics Strategy Jonathan Compton told SHD Logistics: “I think it is fair to say that the accepted geographical position of the Golden Triangle is an area that extends between Northampton, Birmingham and Leicester. It includes the prime logistics parks dotted along the M1 from J15 up to J24 and along the M6 in Birmingham.”
Compton sights how retail logistics is taken on a whole level of importance, with its research indicating that this sector now accounts for around 50% in total in terms of take-up, with online retail contributing around a third and traditional retail 14%. This plethora in take-up means retailers have to think more carefully where they position the warehouses to conveniently reach its stores and fulfil online orders.
“Approximately 85% of the UK’s population can be reached within four and a half hour’s drive time by an HGV. And that is critical as that is the limit HGV drivers can drive before having to take a break. They are allowed a maximum of nine hours’ driving per day,” said Compton.
“We have always paid significant interest to the East Midlands. Its central geographical position has made the East Midlands the powerhouse of the UK’s logistics market. In the first six months of 2018 it accounted for around 40% of all the UK’s take-up. This comprised just under 7 million sq ft within 14 large warehouses.”
Conference preview podcast with CBRE's Jonathan Compton
What is the Golden Triangle and how relvant is it? CBRE Head of Industrial & Logistics Strategy Jonathan Compton demystifies what this term means and where the demand is for warehouse occupiers.
Savills Director of Research Kevin Mofid will offer insight into Savills’ studies around the warehouse property market, and whether the Golden Triangle at this month’s SHD Logistics Conference. He will discuss whether the term is still a relevant indicator of the property market. Mofid will consider how supply chains have evolved and how many retailers are locating their warehouse operations across the country to increase customer delivery efficiency.
FareShare’s Mark Varney and Nick Hay from Fowler Welch, and Cranfield University’s Prof. Alan Waller OBE will line up to speak at the event. CollectPlus CEO and Yodel CCO Prof. Neil Ashworth, along with UKWA CEO Peter Ward, Gousto Head of Logistics Bobby Amirahmadi and moderator Natasha Tyrrell from BearingPoint, part of a panel covering the issue: Is logistics the new retail?
The SHD Logistics Autumn Conference 2018, to be held on Tuesday 30th October and will analyse the burgeoning retail logistics sector, dissect the brick and mortar store environment - and the implications this has on logistics - and the ascending e-commerce retail market.
Delegate bookings are now open. Book your place for just £295 + VAT here.