20 November 2018 – Expansión
Real estate investment in the logistics market is on the verge of breaking a new record. According to data from the consultancy firm Savills Aguirre Newman, investment in the segment is going to exceed €1.2 billion in 2018, which will represent growth of 40% compared to the €854 million registered last year.
During the first nine months of this year alone, investment exceeded €875 million, without taking into account any corporate operations, which represents a 3% increase with respect to the total volume recorded during the whole of 2017.
“The intense level of activity at the national level in the market for land, by both funds and by end users, is going to continue until the end of the year”, explained sources at Savills Aguirre Newman.
In this sense, although the most sought-after product in the investment market is still the highest-quality and best-positioned warehouses, investors are also analysing spaces with the potential to be transformed and the capacity to offer higher returns.
Sources at the consultancy firm explain that, in light of the shortage of products in Madrid and Barcelona, the secondary markets have become a focus of attention for investors. Similarly, the scarcity in terms of finished products has reactivated interest in the market for land.
In terms of the volume of space leased, 1,127,000 m2 was snapped up in the markets in Madrid and Barcelona to September, which represents an increase of 22% with respect to the same period in 2017.
Original story: Expansión (by R.A.)
Translation: Carmel Drake