Logistics investment increases 29%

Logistics investment increases 29%

Between April and June this year, the industrial and logistics investment reached €364 million, a far higher figure comparing to the second quarter of 2016, with €300 million.

“This investment data clearly shows the investor interest in our country, still very high and, for three years in a row, will surpass the historic record”, said Miguel Monreal, director of Investment Properties Industrial & Logistics at CBRE Spain.  “Furthermore, as opposed to previous years, the appeal of this sector is not focused just in Madrid and Barcelona, instead it has extended to cities like Zaragoza, Valencia, Bilbao, Malaga and Seville”.

According to the real estate consultant, the interest to invest in projects at risk has consolidated, due to the growth of logistics spaces contracting in every cities, originated by e-commerce. In fact, investors whom have never shown interest in logistics started to consider it as a necessary piece of its portfolios.

In the last months the prime rents have continued to compressing, placing at 5.85% due to the buying activity and the shortage of existing product on the market.

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