Logistics and build to rent accounted for 38% of total real estate investment in 2021.
Sergio Fernandes, head of JLL’s investor business, explained: “With an increase of 33%, the year now ending has significantly exceeded real estate investment in 2020, returning to a normalised market situation after the worst months of the pandemic.”
Logistics received investments totalling €2.5 billion, 77% more than in 2020. Prime yields compressed to 3.9% in Madrid and Barcelona. Investors are still interested in last-mile assets, big-box and cold-storage warehousing, large portfolios and warehouses with long-term contracts. This figure excludes the Montepino mega-deal, which would raise the total investment by 50%.
