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Realterm Logistics buys a logistic warehouse in Barcelona
20 May 2020 |

American Realterm Logistics acquired its first warehouse in Spain, in the municipality of Palau Solità i Plegamans (Barcelona). The operation was concluded for an undisclosed amount and advised by Savills Aguirre Newman.

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The asset, a 6.578 sqm cross-dock logistic warehouse, is located in one of the municipalities which are strategic for the distribution segment due to its communication and connections with Barcelona. The warehouse is fully occupied by a transportation company.

According to data from Savills Aguirre Newman, during the first quarter of 2020 logistic investment reached 440 million euro in the whole country. During the whole of 2019, logistic investment reached around 1.650 million euro, of which Catalonia represented almost 40%.

During this sanitary crisis, interest from developers and investors remains very high in the Catalan market, which is characterised by a lack of product availability, especially due to the lack of terrains and investment opportunities.