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Investment in logistics reaches €1.302M
22 October 2019 | Observatorio Inmobiliario

During the first nine months of the year 1.302 million euro were invested in the Spanish logistic market.

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The purchase of assets from the portfolios belonging to Magna, Columbus and Pulsar represented 42 % of this amount, revealed CBRE in its report on this segment made available last week.

«Once again, by the end of the year we will have reached record results in terms of investment due to the great amount of investors on the market, the high liquidity available which increases the willingness to invest in the whole of Spain and both last mile logistics and large platforms», pointed out CBRE España’s national Industrial and Logistic Director, Alberto Larrazábal.

Contract logistics reached 1.19M sqm

In terms of occupation, up until September 2019, Spain saw the contracting of 1.19 million sqm, 14% less than during the same period in 2018, according to data from CBRE.

In Central Spain, the contracting of logistic areas was 432.000 sqm, which represents a 31% drop yoy. Catalonia, on the other hand, reached a contracting of 468.000 sqm, which represents a 3% decrease yoy. Around 316.000 sqm of all the area contracted was net contracting, «a really positive number», according to Larrazábal.

The prime rent remained the same for one more quarter, both in Central Spain and in Catalonia, at 5.50 euro/sqm/month and at 7.00 euro/sqm/month respectively.