Confirming its high rate of activity, this amount "exceeds the most optimistic expectations for the market," according to the analysis made by CBRE. The continuation of historically low interest rates guarantees a high liquidity globally, that continues to be partly disposed to the real estate sector. And, in Portugal, the shortage of supply and the great demand support the increase in the rents value.
Included in the top 10 of the largest transactions ever, calculated by CBRE since 2003, are three transactions registered in this quarter, namely Blackstone's portfolio sales, including Forum Montijo, Forum Sintra and Sintra Retail Park, Dolce Vita Tejo and Lagoas Park.
Highlighting the sale of Lagoas Park for about €375 million, including 13 offices buildings, shopping gallery, gym, school, 4-star hotel with conference center and public parking. The buyer was the American investment fund Kildare.
In the shoppings area, around €650 million were invested in June, in a total of 4 shopping centers, including the three mentioned above, and SerraShopping. The capital invested was mostly international, and the French market represented 46% of the total.
After this semester, CBRE predicts a new record for the total investment volume of the year. Even because there are other 11 shopping centers in commercialization. Although it is expected that not all operations will be performed this year, CBRE estimates that the total investment volume for the year will reach €3,400 million, after the record high of 2,200 million last year.
Cristina Arouca, Director of Research at CBRE, refers that "the investment in commercial real estate income exceeds all expectations and reflects the maintenance of high global liquidity and the perspectives of a significant increase in rental values in Portugal".