"The defence landscape across the UK and Europe is being reshaped, particularly by the ongoing conflict in Ukraine – which has seen intensive consumption of munitions, the innovative use of uncrewed platforms and other software-enabled capabilities – and the prospect of further geopolitical volatility in Europe and further afield. In this section, PA examines the policy background"

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

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

"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"

"Real estate can play a crucial role in addressing defence supply chain scaling challenges. In this section, PA discusses the necessary infrastructure to support increases in production capacity alongside investment in critical functions such as research and development"

"Robust take-up fails to dent national supply picture"

"Vacancy rate falls to 5.71%, the lowest level since Q1 2023"

"Addition of one unit alone rises supply 179% quarter-on-quarter"