Stoneweg rolls out last-mile logistics strategy in partnership with Glovo

Stoneweg  has launched a new urban logistics strategy on behalf of clients that will seek to capitalize on the supply/demand tension for last-mile delivery assets and the continued growth in ecommerce and q-commerce (quick commerce) penetration. The strategy will be underpinned by a dedicated occupier partnership, whereby Stoneweg will source and acquire selected assets to be exclusively leased by Glovo, supporting the delivery of target returns.

The partnership aims to leverage Stoneweg’s deep real estate expertise and extensive pan-European network to support Glovo’s ambitious plans to expand its operations. Glovo, the Barcelona-based Unicorn that operates across 21 countries, is the fastest-growing delivery provider in Europe, western Asia and Africa.

As real estate partner, Stoneweg will source and acquire upwards of 50 last-mile logistics properties in key locations identified by Glovo, which will lease the assets. Investment targets include grocery retail an