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Savills IM expects to invest €500M in Iberia
28 May 2019 | Vanessa Sousa

Savills Investment Management has well defined goals for 2019. One of those goals is to reach a portfolio estimated at more than 1.200 million euro and in order to do it, it plans to carry out new investments in the Iberian market for a total of around 500 million euro.

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On the company’s sights are logistic assets and, according to Spanish newspaper Eje Prime, these assets should be located in strategic cities in Portugal and Spain. Barcelona, Madrid and Valencia are three examples.

With this plan, Savills IM should reach another one of the goals it set itself: to increase its current logistic portfolio which represents only 2% of its assets.

The investments carried out last year in this territory by the company – which also reached 500 million euro –, were focused mainly in the office and retail segments.

The Aveiro Center commercial park in Portugal was one of the acquisitions that cost the company around 29 million euro, according to Idealista last October.