European logistics remains a buyers’ market

Europe’s logistics sector remains a buyer’s market, but landlords with prime, well-located assets still hold the advantage, according to Balazs Lados, managing director and European fund manager at Realterm.

“It’s still a buyer’s market out there and it’s still a landlord’s market,” Lados told Real Asset Media at EXPO Real 2025. “So, if you have good buildings in good locations, you can still make the market. If you have the good type of capital, you can buy phenomenal products at very attractive yields today.”

Realterm, a US-based global logistics real estate investor, is expanding its European footprint, particularly in Germany. “We’re very excited about entering Germany. We hired a team based in Frankfurt, and we plan to grab tremendous market share this year in this market,” he said. “We also like the UK and our headquarters is based in the Netherlands, so we traditionally have a lot of deal flow in the Benelux.”

He added that the company also sees potential in Southern Europe. “Southern Europe has come far in the last couple of years since Ukraine. And interestingly, Spain now seems a bit more expensive than Germany, which is nothing that I’ve ever seen in my career.”

Looking ahead, Lados said Realterm plans to grow its portfolio of high-quality assets. “In the next year, we look forward to acquiring a lot more great and functional buildings in class A markets and then to continue to provide great services for our customers and tenants across Europe.”