Logistics investment hits records
Portugal is one of five countries in Europe that is most attractive for investors in logistics.
Investment in the real estate segment beat all records in the first half of 2022, exceeding pre-pandemic levels with an increasing number of investors looking for logistics buildings in Portugal.
According to the newspaper ‘Negócios’ inflation fears do not seem to have affected a sector which foresees continuity by the end of the year.
The industrial areas most sought after are Alverca, Azambuja, Palmela, Setúbal, Sintra, Cascais, Matosinhos, Gaia and Vila do Conde.
CBRE Portugal’s intelligence unit says that segment investment has reached €550 million in transactions in H1 – a historic record.
Another commercial real estate consultancy, JLL called it the best first half it had enjoyed for logistics in the past five years, registering €221 million of investment.
Cushman & Wakefield registered €203 million of investment in logistics, up 662% on 2021 and a massive +369% on 2019 – a watershed year in itself in terms of Portuguese real estate investment.
The multinational commercial real estate consultancy Savills netted €198 million in logistics investment for the period under analysis, up an eye-watering 2060% on 2019.
Regarding the nationalities of the investors, the Spanish, British, French, Germans, Americans and Brazilians loomed large.