These numbers demonstrate that malls are one of the most attractive real estate assets for the institutional investors. The sector also represents 64% of the investment made by international players in this period, and the indirect investment in the sector (through purchase of investment fund units, particularly devoted to holding and management of shopping centers) is expected above the €1,500 million.
According to the report “Shopping Centers in Portugal”, published by the consultant, around €230 million are invested every year in Portuguese shopping centers, since 2003, representing 70% of foreign capital. Over the last 17 years were closed 65 investment businesses, with an average value per operation of around €60 million.