Investment in the Spanish logistics market to exceed €1.9 billion by 2022
Investment in the logistics market in Spain will exceed €1.9 billion by the end of the year, which is 6.3% above the volume recorded in 2021, excluding the assets included in the Montepino portfolio transaction, according to the Savills logistics real estate market report.
Madrid and Catalonia account for 69% of the volume and 54% of the assets transacted.
The novelty in 2022 has been the expansion of the institutional investment map in the Spanish market. Savills data show an opening in terms of the locations preferred by investors. The main markets of Madrid and Catalonia have concentrated 69% of the volume and 54% of the assets transacted in the country, respectively, but there has been an increase in logistics investments in provinces such as Valencia, Seville, Vizcaya and Zaragoza, which until now had not been prolific in this sector, as well as in more decentralised areas such as Burgos and Galicia.
The constant rises in interest rates by the European Central Bank (ECB) have made financing more expensive, a situation that has led to an increase in yield levels, which have risen by an additional 50 bps (75 bps since the beginning of the year). Yields in Spain at the end of the third quarter were 4.75% in prime assets and 5.75% in the secondary market. The largest volume of investment came from international capital: 52% from the United States and 16% from Singapore, taking advantage of the dollar’s strength against the euro.
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· Celebradas en IFEMA, ambas ferias han contado con la participación de más de 360 empresas expositoras de los sectores del packaging, la logística y el transporte, registrando 38.361 interacciones comerciales.
· En total, han ocupado más de 20.500 metros cuadrados de exposición, un 6 % más que el año anterior, subrayando su creciente impacto económico.
· “Estas cifras récord no solo indican el éxito del salón, sino también el estado actual y el potencial de crecimiento de los sectores del packaging y la logística en España”, afirma Oscar Barranco, director general de Easyfairs Iberia.