Logistics realty is flourishing
Logistics remains one of the safest investment options in the real estate market, both for investors and those developing such properties.
Given the rate at which the existing stock is being renewed, it is possible that the Greek logistics market also has the most modern building infrastructure among all real estate categories, such as offices, stores and residences.
At the moment more than 400,000 square meters of new logistics buildings are being developed, most of which have already found a user. This does not include Thriasio I, a project to start in 2025, adding a further 260,626 sq.m. in the form of a modern mall.
Correspondingly, the American group HIG, through Inventio Edge, is also in the final stage of securing the building permit (expected this month) for a 300-million-euro logistics park.
The significant prospects for future development of the logistics sector remain unchanged, since, as reported by Proprius research, during the first half of this year, 230,000 sq.m. of new logistics were absorbed, with the availability of vacant spaces remaining extremely limited, especially in the high-demand areas of Western Attica (e.g. Aspropyrgos and Elefsina).
