"According to Savills latest European Logistics Outlook, industrial investment volumes, which totalled €5.1bn, declined by 49% QoQ and by 73% compared to Q1 2022, which was notably a record high. Compared to the same period last year on a country-by-country, The Czech Republic (-3%), Ireland (-29%) and Portugal (-45%) recorded the smallest declines in investment volumes year-on-year. Only Poland and Romania witnessed an uplift in investment. Poland saw a 110% increase year on year, mainly driven by the purchase of a 185k sqm industrial warehouse by P3 Logistics Parks from Panattoni while Romania recorded no investment transactions in Q1 2022. Investment volumes dropped most in Hungary, where no deals were completed in the quarter, Norway (-92%), Belgium (-88%) and France (-84%)."