RECORD INVESTMENT IN OFFICES MIGHT SURPASS €1.000M THIS YEAR

RECORD INVESTMENT IN OFFICES MIGHT SURPASS €1.000M THIS YEAR

 

 

With this record, Cushman & Wakefield estimate that the total invested in this segment will be close to 1.000 million euro at the end of the year, and it might even go higher than that, representing a 36% growth over last year.

Foreign investment is leading the action, representing more than 96% of the capital invested. Investors from the UK stand out, representing more than 71% of the total investments, followed by the Spanish and the Germans.

Until September, the biggest deal of the year was the sale of Lagoas Park, from Teixeira Duarte, to British Kildare Partners, for 375 million euro. A note should also be given to the purchase of Torre Zen, in Parque das Nações, by Merlin Properties, or the sale of Expo Finanças by Selecta to a foreign investor.

According to the consultant, the market is breaking records in several areas. In September alone, the demand for offices went over 133.000 m², 17% yoy. The vancancy rate is at historic low levels of 7.2%, with little more than 330.000 m² available in the Greater Lisbon area.

A note should also be given to technological sectors, shared services and coworking spaces, which are the most active occupants in the market.

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