Monday, March 1, 2021
Home Ind. & Logistics Logistics Inv...

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.

B-Exclusives

Who Are the Construction Kings in the Balearic Islands?

Ten of the major real estate companies, including Taylor Wimpey, Metrovacesa, Aedas and Vía Célere, are going to deliver nearly half of the almost 2,500 homes that are scheduled for completion on the islands this year, according to Brainsre.

The Lowdown on the Decrease in Rental Prices in Madrid Post-Covid

The price of rental homes in Madrid has decreased for the third consecutive quarter, although the average asking price still exceeds 1,200 euros per month, according to Brainsre.

Ranking of Property Developers in Barcelona By Number of New Homes They Plan to Complete

Five property developers lead the new-build residential market in Barcelona and neighbouring towns, according to the big data platform Brainsre.

The Rental Market a Year After the Outbreak of the Pandemic

Rental prices are continuing to fall, with a decrease of almost 9% in the last three months alone, according to Brainsre. Nevertheless, the amount of time it takes to find a tenant has increased by 40% since the Covid crisis began.

Latest news

H10 Sells the Hotel Itaca for €20 Million But Will Continue as its Operator

The chain owned by the Espelt family is selling the establishment in Barcelona to a local 'family office'.

The 18 Retail Complexes That Are Going to Open in Spain Despite the Crisis

Seven shopping centres and eleven retail parks are due to open their doors by 2023. Together, they will add more than 584,000 m2 of GLA. This year, Open Sky, Caleido and WAY Ourense are scheduled to open, amongst others.

Colonial Earned Just €2 Million in 2020 and Estimates that the Impact of its Rent Renegotiations Will Amount to 4.5%

The Socimi closed 2020 with a profit of 2 million euros compared to 827 million euros the previous year, when it recorded capital gains worth 820 million euros versus a provision for Covid this year.

Árima’s Profits Fell by 15% in 2020 But its Revenues Rose

The Socimi specialising in tertiary assets did not register any defaulted payments, it increased its income from rentals and it saw its assets appreciate in value; moreover, it does not rule out making new purchases.