Cushman and Wakefield's latest Property Times European Logistics market report has shown that take-up and investment in the European industrial and logistics property market are set to hit new records in the new year.

The report by Cushman and Wakefield revealed that property take-up hit 10.8 million square metres across the first nine months of 2015.

In terms of figures, the study states that this property take-up marks a year-on-year increase of 13 per cent.

It seems that German lettings were responsible for over 50 per cent of the letting activity recorded in the report, but Logistics Manager has said that it expects for the Volkswagen scandal to have a negative impact on future demand from the automotive sector.

Reports have shown that overall, €14.3 billion (£10.4 billion) has been invested in industrial property across Europe in the same time period, with almost half of these investments concentrated in the UK.

Speaking on the results from the Cushman and Wakefield report, director of EMEA Research Magali Marton said that the reason for the high level of take-up was due to strong demand in both Europe and the UK, which looks ready to continue into 2016.