industrial Market News: Spanish Real Estate Intelligence

In Madrid, Guadalajara and Toledo, logistics leasing amounted to 923,000 square metres in 2020, which represents an increase of 73% compared to 2019 and is the second-highest figure since 2011.

The Spanish market closed last year with logistics projects completed and pending delivery worth more than one billion euros, according to Gloval.

The technology platform Glovo is going to receive additional investment for the international development of its Quick Commerce warehouses, the third generation of commerce based on the ultra-fast delivery of all types of products.

After transactions amounting to 9.5 billion euros were recorded in 2020, a year dominated by Covid, this year, the logistics and rental housing markets alone are expected to close operations worth 3.5 billion euros, according to forecasts from CBRE.

The American multinational has started work on the construction of a 12,000-square-metre logistics plant in the town (in Cadiz province), which will be ready in ten months.

Last year, 68 warehouse transactions were closed in the Catalan market compared to 61 a year earlier, according to data from the consulting firm Savills Aguirre Newman.

The US fund has made its debut in the Spanish logistics sector with the purchase of five platforms for 50 million euros, but its objective is to invest 250 million euros in total over two years.

The City Council of the Barcelonian municipality has disbursed almost five million euros for two industrial buildings that are located on two plots spanning 925 and 6,500 square metres.

Parla City Council has given the go-ahead to the new PAU 5, which will span almost six million square metres of industrial, tertiary and commercial land.

Investment in the real estate sector amounted to €9 billion in 2020, down by 29.3% in interannual terms due to the impact of the coronavirus.