Belgium tops for distribution centres
24 February 2004, BRUSSELS – Belgium is the most attractive location in Europe for firms wanting to set up complex logistics and distribution centres, a new study has found.
24 February 2004
BRUSSELS – Belgium is the most attractive location in Europe for firms wanting to set up complex logistics and distribution centres, a new study has found.
The survey, drawn up jointly by property experts Cushman & Wakefield and Healy & Baker, found that the country's big advantage is geographical.
Belgium has the good luck to be more or less in the middle of Europe, which makes it the obvious place to locate a distribution centre.
But the country has other advantages too, the survey noted. Commercial rents in Belgium are relatively low and the country also has decent rail and air connections.
The road system on the other hand is in imminent danger of reaching saturation point in the near future, warned the study.
Perhaps surprisingly the two property experts said that Belgium's relatively high labour costs – only Italy and Sweden are more expensive – did not seem to be a particular handicap when it came to attracting foreign investors.
The new study's findings will be good news for Belgian Prime Minister Guy Verhofstadt, who is trying to persuade international courier firm DHL to keep its European headquarters in Belgium.
DHL wants to expand its air courier operations at Zaventem airport near Brussels but has met with stiff resistance from local residents who fear an increase in aircraft noise, especially at night.
The company has hinted that if it does not get its way it may consider shifting its European base to another country.
[Copyright Expatica News 2004]
Subject: Belgian news