European real estate firms invested some EUR 300 mln to acquire warehouse and logistics facilities in the first quarter of this year, more than 50% down on the transaction volumes in Q1 last year.

European real estate firms invested some EUR 300 mln to acquire warehouse and logistics facilities in the first quarter of this year, more than 50% down on the transaction volumes in Q1 last year.

PropertyEU tracked 10 transactions, ranging from EUR 10 to EUR 60 mln, in the first three months of this year. The largest reported deal was Deka Immobilien’s acquisition of two logistics facilities in Milan and Veneto for EUR 60 mln in February. There were two deals in Finland and the UK, and one each in the Netherlands, Germany, Switzerland, Sweden, and Czech Republic. Deka was also the buyer in the Czech transaction.

PropertyEU recorded 14 logistic/warehouse transactions totalling EUR 632 mln in the first three months of 2009.