Spain is the second country in Europe with the highest growth in logistics investments – PR News Blog
In the European logistics market, real estate investment recorded 22,500 million euros in the first six months of the year, 60% more than in the same period of the last five years. Spain has played a key role in this regard and is positioned as the second country in Europe with the highest increase in logistics investments, behind Ireland, according to the latest report on the logistics sector in Europe from Savills Aguirre. Newman.
Thus, while in Ireland the increase recorded over the average of the last five years was 1008% due to portfolio transactions, in our country it was 212%, followed by the United Kingdom, with an increase by 115%.
The capital invested in logistics real estate assets represented 20% of total real estate investment in Europe, against around 10% of the historical share. According to Savills’ analysis of new capital raised by mutual funds this year, 39% was allocated to the logistics sector, representing more than any other service segment.
18.7 million m2
Logistics absorption in Europe reached 18.7 million m2, 63% more than the average of the last five years in the first half, according to the international real estate consultancy. In this sense, the countries with the greatest increase in absorption have been Germany, Poland and the Netherlands, with figures exceeding those obtained during the same period of the last five years.
Barcelona, ââOslo or Helsinki are among the markets with the smallest logistics area available
In terms of availability, the available space has decreased by 80 points over the last 12 months and the vacancy rate stands at 4.6%. Increased demand in Spain and shortages in Denmark or the Czech Republic have contributed to this situation. Among the markets with the smallest logistics area available, Barcelona stands out with 3.3%, Oslo with 3.8% or Helsinki with 4.3% availability.
And precisely, the shortage of available logistics space has caused an average increase of 2% in prime rents over the last twelve months in Europe. However, according to the international real estate consultancy, he predicts that rents will continue to rise due to the shortage of supply.
Sustainability in focus
Sustainability is starting to have a big impact on the real estate sector both through increasing building sustainability certifications, as well as the need for logistics to reduce emissions.
Antonio Montero, executive director of Savills Aguirre Newman, underlines that âlogistics operators have already integrated ESG principles as strategic throughout the supply chain, especially retailers. Logistics real estate asset certifications are now common in all new projects and constructed buildings that need to be updated to ensure they meet the sustainability requirements of their users. “