"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"

"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"

"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"

"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"

"Given the potential flow of demand over the next decade, which regions can expect to see a rise in take-up? Like many manufacturing industries, the defence sector benefits from significant agglomeration economies. To examine this, we can look at breakdowns of employment by region"

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

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

"Build-to-suit transactions have fallen to their lowest level since 2013; however, promising BTS requirements alongside ongoing discussions point to an uptick in take-up in the rest of 2025"