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64 // iberian.propery / 2017
dossier// ISSUE: TOP IBERIAN Investors
INDUSTRIAL & LOGISTICS:
Barcelona has the
fourth largest capital
growth in Europe
Assuming itself has the main Iberian logistics
center, the rhythmof the annual capital growth
of Barcelona’s market should be the fourth
largest at European level up to 2021.
The estimate is from JLL, which in the
«Industrial
& Logistics Fundamental – Spain Q1 2017»
report
suggests that thecapitalvalue from logistics assets
inBarcelona’smarket shouldgrowan annualaver-
ageof 2.2%between 2017 and 2021,withCatalonia
standing out as the fourth market with the higher
annual valuation of all Europe.
Likewise, and although the growth of the rents
is not yet transversal to all market zones, the
prediction is that over the next four years the
market values in Catalonia grow at an annual
average of 2.7%, the fifth largest at European level.
At the basis of this prediction it is the strong dyna-
mism that the market has experienced over the
last months, showing a vacancy-rate of 3.66%.
Logistics take-up in the Q1 of this year, in Barcelo-
na, was of 124,160m², 40%more than in the same
period last year, reaffirmed Aguirre Newman, the
real estate consultant. Currently are under con-
struction 246,470 m² of the new logistics GLA in
the region, ofwhich85%alreadywith tenant, given
that thisyearonly18,000m² shouldbecompleted,
estimates JLL.
Saba Parques
Investors keep strengthen the
focus in the industrial and
logistics Spanish market, in
which they invested about €230
million during the first quarter