industrial Market News: Spanish Real Estate Intelligence

Forcadell: c. 70% of Logistics Transactions in Cataluña Span Less Than 10,000 m2

22 January 2020 - Cadena de Suministro

According to a report compiled by the consultancy firm Forcadell about the performance of the inmologistics market in Cataluña during Q4 2019, 13 transactions were recorded in total, covering a surface area of 124,572m2, taking the total for the year to 589,924m2, down by 11% YoY.

The main reason for the decrease was the lack of triple A warehouses measuring between 5,000 m2 and 10,000 m2 available in the first and second rings.

By surface area, 46% of the operations closed during the final quarter of 2019 corresponded to projects spanning between 5,001 m2 and 10,000 m2, whilst 8% measured between 2,501 m2 and 5,000 m2, and 15% spanned less than 2,500 m2. Meanwhile, projects measuring more than 10,000 m2 accounted for 31% of the total surface area transacted.

Rents remained stable during the quarter at €7/m2 in prime areas, between €5/m2 and €6/m2 in the second ring and around €3.5/m2 in the third ring.

Original story: Cadena de Suministro

Translation/Summary: Carmel Drake

Montepino Acquires a Logistics Plot in Málaga

17 January 2020 - C de Comunicación

Montepino has purchased a plot of land spanning 115,000 m2 in Málaga, where it plans to invest €80 million in the construction of a new last-mile and same-day delivery logistics facility.

The Aragonese property developer has chosen the site of the former Intelhorce factory for the latest venture in its strategic plan. Construction of the facility, which will span more than 50,000 m2, is scheduled to begin in 2020 and be completed in early 2021.

Original story: C de Comunicación 

Translation/Summary: Carmel Drake