27. September 2016

Glossary

This term refers to a complex management process that covers the organisations, players, resources, activities and information involved in getting a product or service from its supplier to a given customer.

27. September 2016

Glossary

The bulwiengesa survey desk is an online tool for conducting qualitative surveys which may also be used in combination with online polls. The tool meets the latest standards for qualitative survey tools, while its freely scalable architecture can be fully adjusted to the client requirements at hand. It has a multi-lingual set-up, and thus permits a wide range of possible deployment scenarios, including tenant and satisfaction surveys, market polls for target group panels, among other options.

27. September 2016

Glossary

These express delivery models within the hour or before the end of the day are emerging in urban areas in Germany. It is one of several approaches to solve the last-mile problem in online retailing.

27. September 2016

Glossary

The cities picked by bulwiengesa AG for its RIWIS database are grouped into four categories depending on their functional significance for the international, national, regional or local real estate market: Class A cities:
Germany’s leading centres, having national and in some cases international significance. Large functional markets across segments. Example: a total office stock of more than 7 million sqm, a long-term average take-up of more than 150,000 sqm, and a long-term average prime rent of 16.00 euros/sqm or more. Class B cities:
Major cities of national and regional significance.
Example: a total office stock between 2 and 5 million sqm, a take-up normally exceeding 35,000 sqm, a long-term average prime rent of 12.00 euros/sqm or more. Class C cities:
Important cities of regional and to some extent national significance, and serving as centre for the surrounding region. Class D cities:
Small towns of regional focus with a central role for the directly surrounding countryside; marked by lower market volume and take-up.

27. September 2016

Glossary

Retailers of this type sell their goods or services exclusively via the internet.

27. September 2016

Glossary

This term was coined by the e-commerce industry, and complements terms like multi-channel and cross-channel marketing as well as no-line commerce and everywhere commerce. It signifies a business model that maximises customer experience by making a retailer’s entire assortment available via any sales channel (be they stationary or online).

27. September 2016

Glossary

The posted new logistics facilities include all new-built logistics and transshipment properties, normally for the period under examination, 2012 through 2016, and in some cases for 2017, too. Expressly not covered by the term are redeveloped. Neither are manufacturing plants or other commercial properties covered by the term.

27. September 2016

Glossary

Representing a transaction-based ratio, the net initial yield (NIY) reflects the annualised current passing rent minus non-recoverable property expenses, divided by the property valuation plus the incidental acquisition costs typical in the respective market. The NIY is one of the essential measurable variables for the investment market. It describes the typical price level of a logistics region. The lower the posted figure, the more attractive and pricey the location. The reported prime yield rates refer to properties let on long-term leases (e.g. of 10 years), sound property standards (alternative use options), and warehouse areas of more than 10,000 sqm. They represent stabilised yield figures that ignore outliers and thus fail to reflect the absolute peak figures of a given market.

27. September 2016

Glossary

Mechanised delivery sites, known in Germany by the acronym “MechZB,” are used predominantly in the CEP industry (Deutsche Post DHL Group). In these small-scale logistics facilities, consignments are automatically sorted and prepared for their last-mile delivery.

27. September 2016

Glossary

The “loan-to-value” ratio for which the acronym stands puts the amount borrowed for a given property in relation to its fair market value.