Historically, industrial property has always been the poor relation in any sectoral assessment of real estate markets. A preference for owner occupation, a high degree of integration between processes and the built fabric and location in often unfashionable places have always made the sector the preserve of the specialist investor. Over the past 15-20 years, better and more rigorous analysis of performance has raised the profile of the sector in the UK. This, combined with the development of a distinct distribution sub-class has led to more mainstream investment. In particular distribution warehouses and multi-let industrial estates are in demand to the point where yields have been driven down to record lows in many industrial locations. These papers, and others like them herald a big change for industrial property – it has become fashionable as a sector and an investment class. This e-book is a timely reminder of the research that underpins its position. Despite a clear European dimension to industrial real estate, most of the papers presented here are determinedly UK-focused, reflecting no doubt the absence of a decent time-series of market data in most industrial markets across the channel