May 2026 Summary: Logistics property leasing on the rise in Spain and Europe, despite the macroeconomic and geopolitical climate; Prevention is key to combating goods theft in Europe

Furthermore, the transformation of the defence sector in Europe towards a more technology-driven and innovative model has the potential to open up a new market niche. In Spain’s case, the rise in e-commerce shipments and the consolidation of 24-hour delivery are also proving key to boosting the logistics property sector, as they are forcing a redesign of facilities, an increase in space dedicated to last-mile operations and a strengthening of automation.

In our country, the market closed the first quarter with take-up of over 751,000 m², representing a slight year-on-year growth of 5%, despite the macroeconomic environment being marked by instability. The sector continues to call for greater transparency, legal certainty and administrative flexibility to adapt to the new electricity regulatory framework.

Central Spain and Catalonia
As regards the main projects that have been launched or recently commenced in Central Spain, it is worth noting that Dunas Capital Real Estate has successfully completed a structured refinancing transaction worth €56 million with Invesco Real Estate, which has been formalised through a long-term financing agreement secured against its logistics platform in Chiloeches, developed for Ontime.

The operator opened the facility this month, comprising 50,000 square metres of floor space, designed to drive the development of Ontime Pharma. Meanwhile, Goodman has handed over to Seur its central hub project in Getafe, representing an investment of €100 million.

GSE Iberia and Elis have also opened the company’s new plant in Illescas, Toledo, whilst Aliseda has completed the sale of a logistics warehouse in Alovera to a Spanish family office. In the data centre sector, Equinix opened two new data centres in Alcobendas this May, representing a total investment of €460 million in this campus.