Europe opens 2022 with a flurry of last-mile logistics deals
The 2022 logistics market in Europe has opened with a flurry of notable last-mile deals as investors and managers continue to fight for coveted urban warehouse space.
Thor Equities Group has acquired a development site in Coslada, five kilometers from Madrid’s city center, for €4.8 million ($5.4 million). The land will be developed into a 4,730-square-meter (50,913-square-feet) best-in-class warehouse with an additional 280 square meters (3,013 square feet) of office space. Considered by Thor Equities to be one of the best locations for last-mile logistics, the Coslada submarket connects the city of Madrid with the Madrid-Barajas airport and offers direct access to routes leading to the Eastern region of the country. Coslada has very limited availability and low vacancy.
The deal is Thor’s 17th industrial investment in Spain. Thor Equities Group chairman Joe Sitt said that the manager continues to see value in Spain’s logistics market and looks forward to furt