According to the report, Madrid represents 70 % of the whole of the country, with more than 1.400 million euro invested during this period, which represents an accrued volume 21% higher than the average traded value of the first three quarters of the historical series. Even though the office investment represented, during this period, 32% of the total investment in the tertiary market, it is far from the 42% of the historical series.
The actual value of quarterly investment is around 800 million euro and was boosted by three massive operations which accumulated a total of 511 million in investments, Tristan’s investment in Colonial’s eight building portfolio, Amundi’s acquisition of Portico’s building and Safra Sarasin’s purchase of FCC’s headquarters in Las Tablas.
International capital keeps gaining ground in Madrid’s office market, gathering 77% of the whole market and boosted by the higher ticket operations. Concerning the operations, between January and October, there were 19 inside the M-30 and 19 others outside, although, the distribution of the investment volume showed a clear propensity towards the suburbs (with more than 80%) due to the relevance of the larger operations.