According to a Savills poll, cross-border operations, nearshoring, and industrialization are luring investors to Portugal’s logistics investment industry.

According to the European Real Estate Logistics Census report published by the real estate consultant Savills, the Portuguese market is one of the top five in Europe for enterprises looking to expand their storage capacity.

At a time when 95 percent of logistics operators expect to need more or the same storage space in the next three years, France (44%), Germany (43%), Spain (39%), Italy (26%), and Portugal (24%) are the most attractive countries in Europe to attract investment in logistics.

“On the international stage, Portugal is establishing itself as a preferred location for cross-border logistics operations serving the Iberian and European markets. On the other hand, the nearshoring phenomena and the potential of the Portuguese market to attract industrial investment contribute significantly to this segment’s growth and attractiveness to operators and investors,” says Savills.

According to the consultancy’s experts, there are more than 400,000 m2 of pipeline production projects, which it sees as “proof of entry into a new key phase” for the national logistics real estate market, marked by prime product placement, allowing the country to increase its international attractiveness.

Despite the expected announcement of new projects by logistics promoters, Pedro Figueiras, Deputy Director of Industrial & Logistics at Savills Portugal, says, “the pressure of scarcity in the logistics area should continue, given that these projects are only expected to be completed in 2023 and 2024 data, which allows us to foresee a continuation of the pre-lease trend observed in 2021.”