"The MOD spent £52.8 billion and £54.2 billion on defence in 2022/23 and 2023/24, respectively. Of that, close to £30 billion was on the procurement of equipment and services"

"Looking ahead, if we assume that employment keeps pace with the increase in expenditure, we can calculate estimated employment growth based on the increase in defence spending as a percentage of GDP"

"Employment growth is set to drive significant expansions in industrial and logistics demand"

"Already employing close to one million people across the continent, Europe’s rearmament could stimulate significant demand for industrial and logistics space"

"Sam Quellyn Roberts, Director of EMEA Industrial & Logistics – Occupier Markets, discusses the complex needs of modern defence occupiers and the difficulty in fulfilling these requirements"

"The scale and ambition of the SDR should not be called into question; like much of the Western world, the UK has reacted to an increasingly conflict-prone international order. As experts in logistics real estate, we would note several key policy implications that the government will need to address as part of the SDR’s implementation"

"The impact of rising defence spending will have far-reaching consequences on UK and European property markets"

"Global prime warehousing costs are rising more slowly, with regional shifts reflecting varying demand and supply dynamics"

"Amid global disruption, logistics occupiers are focusing on flexibility, cost control, and resilience to adapt real estate strategies to shifting geopolitical, economic, and climate risks"