Real estate investment reaches €1.700M in Portugal

Real estate investment reaches €1.700M in Portugal

According to the report, the highlight goes to the office and retail segments, with shares of 34% and 33% of all investment, with the largest office deal having taken place during the 3rd quarter – the sale of building Fontes Pereira de Melo 41 by ECS Capital to Deka Inmobilien for 125 million euro.

Retail’s largest operation during the quarter and the second largest of the year was the purchase by Frey of the Albufeira Retail Park and the AlgarveShopping for 179 million euro.

According to the consultant, there are currently around 1.300 million euro at different stages of negotiations, which could raise the total volume invested for the entire year above the 3.000 million euro registered last year.

Andreia Almeida, director of research at C&W, commented that «the economy’s greater robustness and the market values have contributed to the market’s attractiveness, which, although still being clearly dominated by foreign demand, has been registering an increase in domestic demand. For 2020, it is expected the same positive evolution of the market, albeit at a slower pace when compared to the last few years».

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