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Wednesday, 16 January 2019
Goodman, a global leader in logistics real estate, has grown its portfolio in Spain by 30% in 2018, driven by the rise in demand for new space from players in the retail and e-commerce industries. The company is currently developing a total of 285,000 sqm in strategic locations, the equivalent of around 40 football fields.
Commenting on this momentum, Ignacio García-Cuenca, Country Manager of Goodman Spain, states, “e-commerce has established itself as a key driver for the logistics real estate industry due to demand for large high-quality logistics spaces in strategic locations, that have easy access to large populations. At Goodman we work to anticipate that demand and provide innovative solutions that cover the entire logistics supply chain, including large logistics platforms all the way to smaller facilities for last mile delivery.”
In 2018, Goodman’s stabilised portfolio was 100% let and increased by 30% reaching a total of 106,000 sqm following completion of two tailored developments in Barcelona Port (Franca Area) – one of the locations in highest demand among e-commerce companies. In addition, Goodman also developed a last mile logistics platform for an e-commerce operator in Madrid.
The company is also finalising the construction of a 33,000 sqm facility for a retailer in Villadangos del Páramo, León, a strategic location for distribution in northern and northwest Spain.
New strategic developments throughout Spain in 2019
Goodman currently has developments in the pipeline totalling 285,000 sqm located in four different regions in Spain.
Goodman is currently the real estate logistics company that has developed more built-to-suit projects over the last three years in Spain. It’s continuously investing in new land for future logistics use in strategic locations that to service new customer demand, further strengthening its position in the market.