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industrial Market News: Spanish Real Estate Intelligence

World Capital: the logistics sector is reacting well to the Covid-19 emergency and continues growing
24 March, Il Sole 24 Ore According to World Capital, logistics is holding well the impact of Coronavirus, especially for what concerns distribution hubs, the pharmaceutical segment and e-commerce. This latter saw the transaction volume increasing by 17% from the start of the pandemic. Supply chains registered growth in the sale of parapharmaceutical products (+148%) and non-perishable foods (+56.7%). Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
Aviva Investors: Coronavirus will block the growth of real estate in Italy
23 March, Il Sole 24 Ore Aviva Investors reports that it’s reasonable to expect fewer transactions in the upcoming months, although the impact that Coronavirus will have on real estate is not clear yet. Meanwhile, liquidity and credit risk must be carefully monitored. Shops are one of the most impacted sectors. The survival of retail will depend on Government support. Being strictly connected to tourism, hospitality is also likely to face challenges as the pandemic goes on. Logistics benefits from e-commerce. Although the sector might have been impacted by the disruption in the supply chain and the lack of global workforce, it’s also true that the market has reported a rise in online purchases during the quarantine. Concerning student housing, the occupancy rate will be under pressure for the 2020-2021 academic year since many international students might decide to not come to Italy to study. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
Cbre: Coronavirus will affect real estate only in the short term
17 March, Il Sole 24 Ore In its latest report, Cbre analyses the effect of coronavirus on the EMEA real estate market. According to Cbre, the impact will be only in the short-term, and, since investments tend to be slower in the first quarter, the market will have the chance to recoup later in the year, reducing the negative impact. While the office segment doesn’t seem to have been significantly affected so far, the pandemic might have severe consequences on the sectors which are strictly connected with tourism, such as hospitality and high-street retail. The possible closure of factories might impact logistics. On the other hand, the sector may benefit from the rise of e-commerce. Source: Il Sole 24 Ore Translator: Cristina Ambrosi