As e-commerce boomed from the middle of last year, the demand for logistics warehouses has increased significantly by retail companies such as Log Commercial Properties. A company specializing in the rental of logistics warehouses and condominiums, having MRV owners as its main shareholders, is reviewing its expansion plan quarterly.
The goal of 1.4 million square metres in Gross Leasable Area (GLA) by 2024 of the "All for One" program has already reached its target. However, the company estimates a new boost in 2021 still, and the projects developed in Extrema, in the southeast of Brazil, are contributing enormously to this movement.
According to Log's FCO, Andre Vitória, the company has already developed 1 million square meters since 2008 and, until last year, the plan was to double this amount. However, a new revision, "All for One", will be made in the near future. As a result, the estimate went to the current 1.4 million, an amount that, according to the executive, should further increase by the end of this year.
"We have a positive scenario for the company, and we see the macroeconomy with greater stability going forward. Thus, the trend is for this advance to take place ever faster, not only in Log's operations but also in our clients' operations. This makes us estimate a new revision in the coming months", he revealed.