According to estimates made by Iberian Property, the international platform of Vida Imobiliária dedicated to Iberian real estate investment, only in the first five months of this year, will have been transacted close to €1,100 million in the Portuguese market, which is having the most dynamic start of the year registered.
Retail has so far represented the largest share of the investment. Up to March, €848 million had been invested, according to Worx accounts, 93% of this volume for this market sector. Sales of the portfolio of Sintra Retail Park, Forum Sintra and Forum Montijo, sold to Immochan, the purchase of Serra Shopping by Sonae Sierra and Armórica, as well as the sale of a portfolio of six retail units operated by the Sonae group to ORES are some of the biggest transactions of the year.
Meanwhile, the second quarter is still ongoing and several operations have already been announced that mark new benchmarks in the Portuguese market, such as the sale of Lagoas Park to the Kildare fund, or InterContinental Porto to an Asian investor.
Soon, new records may be break again, with several other important deals in the pipeline and that could be closed soon, such as the sale of the Fontes Pereira de Melo 41 building, from ECS, or Forum Almada, from Blackstone, which may trigger the values of commercial real estate investment in 2018.