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Investment in Portugal reaches €378M in the 1st quarter
16 May 2019 | Ana Tavares

Retail real estate investment in Portugal reached 378 million euro until March this year, calculates the Research Department at Worx.

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This amount represents a 470 million euro drop when compared to the 850 million euro invested during the same period in 2018, which is due mainly to «atypical transactions for very high amounts» carried out last year, such as the purchase of what was at the time Dolce Vita Tejo,  Sintra Retail Park’s portfolio, Forum Sintra or Forum Montijo.  

Offices and retail represented the majority of transactions during the first quarter, for a total of 250 million euro invested (66% of the total amount invested). Offices represented close to 50% of the commercial investment carried out during this period, unlike last year, when the larger share of investment was carried out by retail.

This last segment received a total of 65 million euro, 17% of the whole investment. The purchase of the Barreiro Retail Planet by a German investment fund for around 55 million euro stands out.

On the other hand, tourism and logistics, received 35.5 and 8 million euro respectively, representing 9.4% and 2.1% of the whole investment.

Despite the drop in the amount invested, Pedro Valente, Capital Markets at Worx, comments that «there is still significant interest from international investors in the national market, with 2019 expected to be another good year for commercial real estate investment».