Logistics facilities downtown?

Property market professionals, especially those working for real estate investment companies (REICs), have in the last few months been testing the waters in terms of how sustainable the acquisition of logistics facilities closer to central Athens and Thessaloniki could be.

That is a category of properties that hasn't been considered an investment commodity to date, as it concerns relatively small properties without any particular standards and mainly without any notable demand; however, the Covid pandemic and the shifts it has led to in consumer habits may also change the landscape in this property category too.

The jump in online commerce, which remains at high levels even after the lifting of restrictions in late spring, has changed the needs and distribution channels of the major retail chains considerably, shifting part of consumption away from the conventional...