Blumberg in the News

Blumberg Grain was featured in an article from The Hindu BusinessLine today, Warehousing, food storage services companies keen on India, in which Anshuman Magazine, CMD of CBRE South Asia, shares insights into the market. An excerpt follows:

"Few companies have already expressed interest. Recently, companies like Blumberg Grain, a US-based warehousing solutions provider, have shown interest to establish their manufacturing base and warehousing facilities," he added.

The entry of such brands may help the existing technological know-how in the field, and improve them to global standards, thus creating more employment opportunities.

Delhi-NCR, Mumbai and Bengaluru are likely to remain major hubs for retail distribution centres; Pune and Chennai are likely to see healthy demand for industrial warehousing.

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Warehouse Demand Off to Strongest Start Since 2008

A new article from CoStar titled Don't Look Now But Warehouse Demand Off to Strongest Start Since 2008 has been released, noting the strong start of the warehouse market in 2013 as the growing pace of construction remains in check with a demand for growth. A survey of transaction data by CoStar's Property & Portfolio Research shows warehouse supply and demand at its strongest levels in at least five years. An excerpt from the article follows:

"Speculative new construction is still not a threat to the ongoing recovery as it is still heavily concentrated in markets that also have strong demand, such as the Inland Empire, Phoenix, and more recently Memphis," said Rene Circ, director of U.S. research/industrial Property & Portfolio Research (PPR), a CoStar company.

"The industrial market is enjoying a recovery in line with historic trends," said Robert Bach, national director of market analytics for Newmark Grubb Knight Frank. "The leasing market is performing better than the investment market, only because it’s harder for investors to source industrial product to match their appetites."

"Housing has emerged from its recessionary slump and is once again driving demand for both warehouse and flex product," said Jason W. Tolliver, vice president of research, Cassidy Turley. "The manufacturing sector continued to expand in the first quarter, although the pace of growth seems to be slowing. Despite this, factory hiring has continued and this bodes well for future CRE demand."

For more news and information visit Blumberg Capital Partners.