Início

Investment in commercial real estate already surpasses 2016

Up to October 2017, have been invested €1,500 million in commercial real estate in Portugal, surpassing by 15% the €1,300 million transacted throughout the year 2016.

 

The numbers are from Cushman & Wakefield, which accounts nearly 40 operations. Representing 80% of the total volume invested, the origin of foreign investment is increasingly diversified, either geographically either in terms of the profile of investors, refers the consultant.  This year, according to C&W, more than 30% of the invested capital comes from China and South Africa, nationalities that were almost non-existent on the Portuguese market for only a little over two years.

More than 20% of the investment was allocated to the industrial sector, a volume very influenced by the acquisition of Blackstone's logistics portfolio by Chinese from CIC, the largest transaction so far (€260 million). Retail captured 40% of the investment, while offices and hotel sector had a share of 37% and 2%, respectively.

In 2017 it is also evident a greater number of operations involving the sale of asset portfolios. The sale of Forum Coimbra and Forum Viseu by CBRE GI to Green Bay, for €220 million, is one of the most impressive examples.

Accompanying the good performance of the occupational market, the capital flow allocated to the Portuguese real estate sector has been increasingly strong throughout the year. And considering the pipeline operations (which exceed €3,000 million), Cushman & Wakefield expects that 2017 will register a new historical record in the total volume invested, surpassing the historic €2,000 million invested in 2015.