According to CBRE Global Investors, this shows both national and international investors’ confidence in the sector and in the Spanish economy.
Antonio Simontalero, Country Manager for Spain and Portugal for CBRE Global Investors highlights the change occuring in the retail market as a consequence of the online consumption increase and new buying habits. «This transformation will have an impact on all formats, being most relevant on shopping centres. As a consequence, there is a focus on investing in managers and investors with specialised structures who are able to face the change in the sector», he points out.
The logistics sector keeps being the focus for investment for CBRE GI. Simontalero says that «we have a long history of logistic investment in Spain. We have a team specialised in this sector and in the last few years we have increased our investments with several acquisitions and through our partnership with Montepino to develop new warehouses. We currently manage more than a million sqm for several of our funds and clients, which positions us as one of the sector’s leaders. We will keep increasing our exposure within the logistic sector in the coming years».
Antonio Simontalero also confirms CBRE Global Investors’ interest and its move on other segments such as the hotel sector and alternative investment. «Yes, we can take position over other segments of alternative investment –he claims–. In fact, during 2017 and 2018 we already performed several operations within these segments, such as student residences or housing. Our strategy for the coming years is to keep growing and diversifying our investments in order to meet our clients and investors’ demands. This includes both more traditional sectors where we have been operating for a long time, and new sectors. Proof of that is our recent debut in the hotel market with the purchase of a 10 hotel portfolio».