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ONGOING INVESTMENT OPERATIONS IN PORTUGAL ADD THE €3,500M

There are currently ongoing, in Portugal, investment operations of commercial real estate with a volume higher than €3,500, according to Cushman & Wakefield. During this year, deals worth of €1,500 million may be closed.

If this scenery is accurate, Portugal may set a new record of real estate investment, largely dominated by foreign capital, representing about 91%, according to the consultant.

These data were released by C&W at the presentation of its most recent Market Beat Portugal in July, according to which, «the intense activity of real estate investment continues, above the average of the last 10 years». In fact, Portugal had the fourth largest annual return of real estate investment at European level in the IPD index, of 12.2%.

The investors profile is generally more risky this year, compared to last year. According to C&W, the number of investors Core+ e and Added Value had increased. On the other hand, the yields maintain their historical lows, and «shall drop further over the next 2 years».

The biggest expected operation until the end of the year is the sale of 3 shopping centers from Blackstone, which had announced its placement on the market last week, involving an estimated investment volume of up to €900 million. Eric van Leuven, Managing Partner at C&W Portugal, reported to the journalist that to this operation may join yet the sale of an office portfolio, or other shopping centers without, however, giving more details about these operations.