The two retail giants, Amazon and Mercadona, demonstrate the growing importance of the logistics chain and spaces for its development.
This rapid growth of this real estate market is reflected in the data. In the first quarter of 2021, the Spanish logistics market witnessed contracting of 670,000 square metres, in the two main centres of the country – the centre (Madrid) and Catalonia – along with secondary players such as Valencia, Zaragoza, Seville, Malaga and Bilbao. According to CBRE, the figure represents an increase of 134% compared to the same period in 2020.
The two leading companies are responsible for much of the contracted logistics facilities. Mercadona has increased its logistics investment this year to €240 million, while Amazon has allocated the bulk of its capital investment and operating expenses – €2.5 billion – to the sector.
Read the full article in Spanish