According to Cushman & Wakefield accounts, about 30 transactions were closed, particularly the retail sector, which accounted for 65% of the capital allocated to date to commercial real estate. Last year, retail and offices represented about 37% of the total invested.

This year, foreign investment continues to lead the activity, accounting for 98% of the capital invested, with the French accounting for 35% of the total, followed by the Spanish with 29% and UK investors with 20% of the total.

C&W highlights the Immochan's acquisition of Blackstone's retail portfolio, comprising Forum Sintra, Forum Montijo and Sintra Retail Park for €411 million, the largest business of the year to date. Note also for the sale of Lagoas Park by Teixeira Duarte to Kildare Partners for €375 million.

Yields, on the other hand, are at historical lows in all asset classes, standing from 4.5% in the case of offices and street retail, 4.75% in shopping centers and 6.25% logistics assets.

If this positive evolution of the real estate sector continues, C&W predicts that the investment will lead this increase, estimating that the volume of transactions at the end of this year will be about €3,000 to €3,500 million.

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