industrial Market News: Spanish Real Estate Intelligence

The Government of Andalucía is going to carry out major work at various logistics hubs in Sevilla, Córdoba, Algeciras and Jaén.

The Valencian Government has selected 75 properties from an initial portfolio of 182, which it is going to acquire at a discount of more than 21% over the asking price.

The firm's Outlook for 2021 report identifies 'solid' long-term opportunities in Spain in the logistics, food-based retail and office sectors, as well as in the build to rent segment.

700,000 square metres of logistics space was leased in Madrid during the 9 months to September, up by 65% compared to the same period in 2019; meanwhile, in Barcelona, the figure fell by 8%.

Large international funds and property developers are taking advantage of the e-commerce boom to close 'safe-haven' operations in the Spanish property market.

The American e-commerce giant is considering opening a new logistics centre on a 200,000-square-metre plot next to the Portuguese border.

This platform will be the company's fourth on the 'Puerta Centro Ciudad del Transporte' industrial estate in Guadalajara and will require investment of 27 million euros.

The German multinational has invested more than 22 million euros in a new logistics centre that it has inaugurated in the Barcelona municipality of Montornès del Vallès.

Through their joint venture, the companies will acquire and develop urban logistics assets in Europe's main cities, including in several Spanish ones.

This will be the company's first project in Cataluña and it will be adaptable to market demand, with the development of a warehouse or a cross-docking storage facility for last-mile distribution.