Segro Will Invest €600 Million in Logistics Assets in Spain

The British firm is looking for prime last-mile locations in Barcelona and Madrid, where it plans to invest 600 million euros over five years.

The increase in demand for e-commerce during lockdown has highlighted the need for logistics spaces in the market. To this end, the British Socimi Segro is planning to invest 600 million euros over the next five years in last mile logistics assets located in the prime areas of the first ring-roads around Barcelona and Madrid, according to EjePrime.

In addition to assets destined for the last mile, the company is focusing its efforts on the entire urban distribution chain, including platforms for reverse logistics and cross-docking.

Business and Premises Spanning Less than 400 sqm Can Now Serve Customers with Appointments

From Monday, the first phase of the end of lockdown begins. Shops and service premises spanning less than 400 square metres may open by appointment, but large stores are excluded.

The extraordinary BOE published at the weekend lifts some of the prohibitions established during the State of Emergency. It came into effect on Monday 4 May and it represents the first phase of de-escalation. The new measures allow people to go to the shops and to service premises by appointment, pick up take-out food from bars and restaurants, train professional athletes and consult archives. All of these activities can be performed, although with limitations.

These measures will be applied throughout the country, although on the islands of Formentera, El Hierro, La Graciosa and La Gomera, which entered phase 1 last Monday, other activities will now also be allowed.

When Will Hotels and Shopping Centres Open Again?

The Government has designed a plan to return to the “new normal” in four phases, which will run until the end of June and which will vary by region.