Iberian logistics received a breath of fresh air. Between the second and third quarters, capital allocated to the logistic segment more than trebled, reaching 431 million euro.
Despite being considered one of the most resilient segments against the pandemic, logistics also felt a slowdown in investment between April and June, registering only 6 operations and a total of 96 million euro.
But in the Summer months, investors gained a new appetite for the market and concluded 13 operations, at an average of 33 million euro per operation. The largest of these operations was the sale of the second part of Colonial’s logistic portfolio to Prologis for around 164 million euro. Nevertheless, when compared to the same period last year, investment was 16% lower.
Spain received most of the investment
Looking at the capital accumulated during the last 12 months, there is a clear trend: asset managers are the ones who invest the most in Iberian logistics (representing 78.2% of all investment). REITs are ranked second representing 14.5%, followed by private equities with 4.8%. The remaining types of investors represent 2.5% of all investment.
Also visible on the Logistic Report 3rd Quarter from Iberian Property is that Spanish secondary cities are the ones where these players invest the most since they represent around 67.5% of all logistic investment during last 12 months. Madrid is the second city which concentrates the most investment (25.4%), Catalonia is the third (4,9%). In terms of the Iberian Peninsula, Portugal only had a residual logistic investment representing 2.2%.
All the information is available at the Logistic Report from Iberian Property which can be downloaded HERE.
For more information on how to subscribe to the Iberian Property Data service, click HERE.
Disclaimer: This information is based on public data gathered within the platform Iberian Property Data. All estimates were calculated based on registered public information and data from the main consultants within the market. It should be noted that the results presented here may be updated if new information is issued.