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Segro Will Invest €600 Million in Logistics Assets in Spain

The British firm is looking for prime last-mile locations in Barcelona and Madrid, where it plans to invest 600 million euros over five years.

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The increase in demand for e-commerce during lockdown has highlighted the need for logistics spaces in the market. To this end, the British Socimi Segro is planning to invest 600 million euros over the next five years in last mile logistics assets located in the prime areas of the first ring-roads around Barcelona and Madrid, according to EjePrime.

In addition to assets destined for the last mile, the company is focusing its efforts on the entire urban distribution chain, including platforms for reverse logistics and cross-docking.

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