Sunday, September 27, 2020
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New Logistics Buyers Snap Up More than Half a Billion Euros in Acquisitions Despite the Pandemic

In the months between April and June 2020, amid the pandemic lockdown, buyers completed purchases of logistics assets worth a total of 140 million euros. Buyers include funds such as Blackstone, Segro, Hines, Goodman and Nuveen.

Most of the real estate transactions during the first semester of 2020, months which bore the brunt of the Covid-19 virus, were focused on logistics and last-mile assets. The sector, which is taking advantage of the boom in e-commerce in Spain, both before and even more so during the lockdown, has been seen as a refuge from the crisis. The sector is continuing to attract interest, as Aena announced that it would place its first plots on the market in 2021, and will use them for logistics.

The logistics sector continues to be one of the most favourable despite the pandemic, spurred on by growing interest in e-commerce, which has broken records during the forced confinement. Capital inflows from funds such as Blackstone and the strengthening of others such as Segro, Goodman or Nuveen with new operations, have raised the total investment in July to more than €500 million.

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