JLL figures reveal another «outstanding performance» of that period, while the total invested in the first semester surpassed the €1.000 million, 902 million of which concern to foreign capital. Pedro Lancastre, Managing Director at JLL, refers in a statement that «it has been a great year for the investment market in Portugal. The market had a record investment volume during the first semester and, still, everything points to the best of the year is yet to come».
That's because «JLL faces sale mandates of more than €1.500 million in real estate assets. Considering the negotiations and proceedings underway in the context of these mandates, we believe that much of this investment volume will be materialized during this year. That’s why 2017 has everything to be a remarkable year for the Portuguese real estate, overcoming the maximum barrier of the €1.764 million reached in 2015», he says.
During the period under review, the retail represented the biggest volume of investment attracted, but JLL highlights the industrial and logistics volume, by increasing their share in the total invested of 3% in 2016 to 30% during the first 6 months of this year. For this it has greatly contributed the sale of Logicor portfolio, which represented an investment of €260 million in Portugal.
Fernando Ferreira, Head of Capital Markets at JLL, refers that «in general, the market is more active than in 2016, with greater variety of players and more liquidity available, meaning also that the opportunities, mainly the Prime ones, will start to running out and to generate more competitiveness among the buyers. Considering the businesses in the pipeline and the volume of foreign capital which is selecting our market, we will watch, in the second semester, to a further enlargement of the businesses range, regarding locations as well as type of asset».