27. September 2016

Glossary

The “loan-to-cost” ratio for which the acronym stands puts the amount borrowed for a given property in relation to its total investment costs.

27. September 2016

Glossary

The Monte Carlo simulation represents a stochastic model used for forward projections to obtain a forecast value. Simply put, this statistical method generates a limited number of random figures that remains within the parameters or values defined by the person conducting the test. Taking the predefined parameters into account, the simulation produces a large number of results (in this case 1,000). The modelling calculates the probability of occurrence for each result within the range of samples. The range of values itself has a probability of occurrence of 100%. The variables defined for the simulation of this survey include property prices, incidental acquisition costs, construction costs and financing charges.

27. September 2016

Glossary

bulwiengesa applies a drilldown to the logistics real estate take-up in Germany that distinguished between these sectors: Freight/transport logistics CEP service providers Retail logistics Beverage/food logistics Industrial logistics Automotive logistics Construction and construction suppliers IT/computing/data technology Chemicals/pharmaceuticals logistics E‑commerce Fashion/textile logistics Consumer goods Household goods Miscellaneous

27. September 2016

Glossary

This term refers to the order preparation process that consists of collecting goods or items to fulfil existing orders from the inventory in stock. The person handling this job is called the order picker.

27. September 2016

Glossary

bulwiengesa has identified 28 connected areas in Germany with demonstrable real estate economic activity in the logistics sector. It is the first time that statistical-demographic and economic fundamentals were used to define such regions.

27. September 2016

Glossary

The next paradigmatic shift after Industry 3.0 (computer-controlled manufacturing processes) involves the networking of humans, machines and products into cyber-physical systems, the Internet of things and cloud computing, among other phenomena.

27. September 2016

Glossary

This term covers building works on land not previously developed or marketed. As often as not, the properties involved represent former agricultural land (hence the name “greenfield”) rezoned for development as industrial or trading estate. Obtaining a planning permission therefore often marks the first step. In deviation of the above definition, the term is also used for plots that are already zoned for development as part of trading estates, but that have not been sold yet. This goes in any case for trading estates not created through land recycling.

27. September 2016

Glossary

Germany’s Renewable Energy Sources Act (EEG) defines rules and regulations that govern the conservation of fossil energy sources and the promotion of renewable energy sources for the production of electricity.

27. September 2016

Glossary

The German Energy Saving Ordinance (EnEV) provides the legal basis for the energy-efficient development of new or existing buildings.

27. September 2016

Glossary

This term refers to a warehouse facility combining all the logistics processes that come into play in e-commerce. The processes, which typically include stock-keeping, handling of incoming online orders from end customers, shipping out orders and accepting returns, are executed by a fully automated intralogistics system.