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Alternative assets continue to attract investment during the crisis
22 September 2020 |

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Swimming against the Covid-19 tide that devastated hotel, office and retail investment, the alternative segment remained attractive between April and June. During this period, investment increased and reached 716 million euro.

The volume allocated to this segment – which includes student and senior residences, mixed use assets, rental housing and urban assets – increased as much as 424% y-o-y. When compared to the volume invested between January and March the increase was 30%.

The public data compiled by Iberian Property Data and published at the Alternative Sector Report – 2020 2Q, shows that during this period there was a particular interest on 2 alternative segments: urban and residential, which together were responsible for 17 of the 21 deals registered with a trading amount – it should be noted that 3 more deals were concluded, but the prices have not been disclosed until now.

A total of 10 operations were classified as urban and represented a total of 341.7 million euro, almost half of the total amount invested in the segment. The 2 real estate projects (1 office complex and 1 hotel) acquired by German DWS for 200 million euro was the largest operation within this segment and within all the alternative segments.

In terms of housing, 7 operations, estimated at a total 254 million euro, were registered. One of them is the second-largest operation and concerned a portfolio of 919 affordable houses for rent purchased by AXA IM from Tectum and Locare for 150 million euro.

The remaining 4 operations, which include mixed use assets and 2 student residences, represented a total of 120.4 million euro or 17% of all investment in the segment.

All the information is available at the Alternative Sector Report launched by Iberian Property, which can be downloaded HERE.

For more information on how to subscribe to the Iberian Property Data service, click HERE.

Disclaimer: This information is based on public data gathered within the platform Iberian Property Data. All estimates were calculated based on registered public information and data from the main consultants within the market. It should be noted that the results presented here may be updated if new information is issued.