The logistics real estate stock in Lombardy is worth 13 billion

There are more than 700 logistics properties in Lombardy, of which 74.4% are Logistics Centres, while 18.6% are used as Transit Points and 7% as Distribution Centres. These properties occupy an area of more than 10.5 million sqm (70% Logistics Centres, 18.5% Transit Points and 11.5% Distribution Centres). The entire logistics real estate stock located in Lombardy is worth over 13 billion Euro. This is, in short, the picture that emerged from the research carried out by the research department of World Capital Group. A picture that highlights the absolute importance, in the logistics field, of the Lombardy territory. The analysis - already carried out on Emilia-Romagna and Veneto thanks to the support of exclusive data taken from the Atlas of Logistics, an interactive, updated and detailed mapping of the main logistics assets present throughout the Italian territory - has catalogued all the properties in which a logistics activity is carried out on the Lombardy territory, classifying them by size, surface area used, type, goods stored, height, shape and many other factors. Who owns the logistics real estate in Lombardy?

World Capital Group's analysis also made it possible to understand who the owners of this logistics real estate are. Considering the individual real estate units surveyed in the Lombardy region, 34% are owned by local investors, 28% are owned by logistics operators, 26.5% are owned by institutional investors, 11% are leased and 0.5% are owned by institutions. On the other hand, if only the covered surface area on which the buildings are developed is analysed, 40% are owned by institutional investors, 26% are owned by local investors, 25% are owned by logistics operators, 8.5% are leased and 0.5% are owned by entities.The analysis was also carried out on a provincial scale: in the province of Milan alone, 40% of the square metres of logistics buildings in the entire region were surveyed, equal to 46% of the individual real estate units. Milan is followed by Pavia and Bergamo, which respectively have 17% and 12% of Lombardy's sq m, corresponding to 9.5% and 10.5% of the real estate units, while Lodi stops at 9% of sq m with 6.8% of units.The values of the logistics real estate market in Lombardy

Shifting the focus to the market situation, World Capital noted a general increase in rents for new properties, both for minimum and maximum values, in some cases 10% higher than in the second half of 2023. As far as used properties are concerned, values were found to be almost stable, with small variations, with the exception of Milan, where increases are close to those for new properties.It is interesting to note that in Milan, where demand is high and supply low, the difference in maximum values between new and used is only 4%, while in the other provincial territories it fluctuates between 10 and 20%.Precisely to make up for this shortage, more than 1.3 million square metres of new logistics properties are planned, 30% of which will be built in Milan, 28% in Pavia and 23% in Bergamo. A considerable volume, considering that it is more than 25% higher than the combined total of new developments planned in Emilia-Romagna (about 500,000 square metres) and Veneto (535,000 square metres).

"Thanks to the meticulous work of our Research Department and the use of our Logistics Atlas, we have been able to obtain a precise and detailed view of the commercial real estate market in Lombardy," said Andrea Faini, ceo and founder of World Capital. "The Lombardy region, especially the Milan area, continues to attract considerable interest among investors in the logistics sector. Integrating the economic values with the stock, we estimate that the logistics real estate in Lombardy is over 13 billion euro, 46% of which is in the province of Milan and 15% in the province of Pavia."