Thursday, September 24, 2020
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Logistics Investment Amounted to More Than €170 Million in Q2 Led by Madrid

Between April and June, 165,000 m2 of logistics space was leased in Madrid, up by 88% year-on-year, and 90,000 m2 was leased in Barcelona, down by 25%.

GLP’s newly built warehouse in Guadalajara for rent with Knight Frank and Estrada & Partners.

The logistics sector continues to have a favourable outlook despite the pandemic and thanks to the boost from e-commerce, according to data for the second quarter reflected in the latest “Logistics Snapshot” prepared by the real estate consultancy Knight Frank. It highlights that between April and June 2020, in the midst of the State of Emergency, operations amounting to 140 million euros were carried out, involving funds such as Blackstone, Segro, Hines, Goodman and Nuveen, as revealed by Brainsrenews.

In this way, more than 250,000 m2 of logistics space was absorbed in Madrid and Barcelona at the height of the pandemic. Between April and June, 165,000 m2 of logistics space was leased in Madrid, up by 88% year-on-year, whilst 90,000 m2 was leased in Barcelona, down by 25%, according to Knight Frank.

Read the full article in Spanish.

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