Tag: logistics leasing

Savills Aguirre Newman: Logistics Leasing in Cataluña Fell by 11% to 600,000 m2 in 2019

13 January 2020 – Cadena de Suministro

The volume of logistics space leased in Cataluña decreased by 10.7% in 2019 to 594,172 m2, compared with 665,952 m2 in the previous year, according to data compiled by Savills Aguirre Newman.

In total, 60 operations were closed, with notable transactions closed by Decathlon in ZAL, Districenter in Llisá de Munt and DSV in Molins de Rei.

The YoY decrease was driven by fewer large operations (those over 20,000 m2) in 2019, which broke records in 2018 and a mismatch between supply and demand in terms of surface area and location.

Nevertheless, turnkey operations continued to rise, which typically involve longer rental periods and high rental prices.

The outlook for 2020 is optimistic.

Original story: Cadena de Suministro

Translation/Summary: Carmel Drake

CBRE: Logistics Leasing Rose by 100% in Valencia but Fell by 67% in Madrid in Q1 2019

15 April 2019 – Eje Prime

According to a report published by CBRE, logistics leasing amounted to 464,000 m2 during the first quarter of 2019, distributed primarily across the centre of Spain, Cataluña, Valencia, Zaragoza, Sevilla and Bilbao.

In the central region, 73,700 m2 of space was leased, down by 67% with respect to Q1 2018; and in Cataluña, 215,700 m2 was leased, up by 18% YoY. Meanwhile, in Valencia, 160,000 m2 of space was leased, twice as much as during the same period in 2018. Logistics leasing in Sevilla, Zaragoza and Bilbao amounted to 9,500 m2, 3,600 m2 and 1,500 m2, respectively.

In addition, €191 million was invested in the logistics sector during the first quarter of 2019, with the logistics company Columbus and the property developer Pulsar accounting for 60% of that total.

Original story: Eje Prime

Translation/Summary: Carmel Drake

UPS to Open Operations Centre for Southern Europe in Barcelona

8 July 2018 – Eje Prime

UPS is increasing its commitment to Barcelona. The parcel sector multinational is going to open its operations centre for Southern Europen in the Catalan capital. The company will open a logistics space spanning 60,000 m2 in the Zona Franca area and will leave the site that it currently occupies in L’Hospitalet de Llobregat.

The US giant is undertaking this investment shortly after its German competitor DHL decided to expand its presence in Barcelona with a new centre measuring almost 3,000 m2 in Castellbisbal, according to reports from TV3.

The site in Castellbisbal is going to become DHL’s third centre in the Catalan capital, where it already has a presence at Barcelona Airport and in the Zona Franca area, where it will now have UPS as a new neighbour. The aim of the German company is to begin the building work this year so that the space can be inaugurated in the summer of 2019.

The strength of the e-commerce sector is proving to be key to the increase in logistics leasing in Cataluña, where the market has grown by 70% during the six months to June, according to data from the consultancy firms Cushman&Wakefield and Savills Aguirre Newman.

Original story: Eje Prime

Translation: Carmel Drake

C&W: Logistics Leasing in Madrid Rose by 19% in H1 2018

5 July 2018 – Mis Naves

According to data compiled by Cushman & Wakefield, during the first half of the year, companies leased 446,000 m2 of logistics space in the Community of Madrid, which represents an increase of 19% with respect to the same period in 2017.

The upward trend that was observed during 2017 in terms of logistics leasing in Madrid has been maintained so far in 2018 and has even intensified over the last few months, according to data compiled by Cushman & Wakefield. The levels of demand for logistics space in the Spanish capital are continuing to exceed all market forecasts.

Companies leased a total surface area of 446,000 m2 in the Community of Madrid during H1 2018, which represents an increase of 19% with respect to the same period in 2017. This data is particularly significant if we take into account that during the whole of last year, logistics leasing reached historical highs of 871,000 m2. Of the total for the half year, 51% of the surface area corresponded to the second quarter, given that 227,000 m2 of space was leased between April and June.

In this period, 21 contracts were formalised in total, and operations exceeding 10,000 m2 amounted to more than 157,000 m2, which accounted for 70% of the space leased during the last three months. The trend in terms of average rents continued to increase slightly and the availability rate is continuing to fall, in an environment in which construction activity is becoming increasingly intense.

In this context, characterised by a scarcity of available warehouses, the most important operation during the second quarter, spanning 33,000 m2, involved a turnkey operation. In addition, land purchases continued, which will lead to future announcements of new logistics warehouse developments over the next few quarters, according to Cushman & Wakefield.

Original story: Mis Naves

Translation: Carmel Drake