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Santander’s Ciudad Financiera represents 20% of all investment in Iberia in 2019
27 February 2020 |

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The office complex purchased for 3 billion euro last December by bank Santander was the largest operation carried out in 2019 in Iberia and represents around 20% of all investment for that year – 15 billion euro.

This purchase from the Spanish bank – which was the only purchase it carried out last year – awarded it the top place in the Iberian investors’ ranking. American Starwood Capital Group came in second place with the acquisition of 3 important office complexes in Spain: Omega Business Park, Heritage’s Portfolio and Las Mercedes Business Park. On these 3 acquisitions alone, the company spent a total 483 million euro.

Invesco came in third, the American company spent 371.5 million. The operation that stood out was carried out in Lisbon, where it purchased 3 hotels: Tivoli Avenida Liberdade Lisboa, Tivoli Oriente Lisboa and AVANI Avenida Liberdade Lisbon. This transaction alone represented a 313 million euro investment.

This was a year during which, once again, foreign investment predominated, representing 69% of all investment. Of the 10 companies that invested the most in Iberia – shown on the table – 8 are foreign. And these, altogether, represent one third of all investment last year.