In Spain, decentralised investment represented a total of 2.884 billion euro until September. This number represents a 24% y-o-y increase.
This means investors had increasingly more appetite for operations in the Spanish secondary cities, such as Bilbao, Valencia and Malaga, a trend which had already been detected. The urban centres of Madrid and Barcelona have witnessed a drop in terms of investment: 30% y-o-y in Madrid and 48% y-o-y in Barcelona.
Around 43% of investment in the Spanish secondary cities was carried out during the first quarter, 32% was carried out during the second quarter and 25% during the third, corresponding to the conclusion of 19 deals.
According to Iberian Property’s latest data, 3 transactions carried out during the Summer were concluded for more than 100 million euro: the purchase of 27 supermarkets from Mercadona by LCN Capital Partners; the purchase of the Spanish Leroy Merlin portfolio by Batipart and the acquisition of a 5 logistic asset portfolio from Colonial by Prologis. 7 operations were registered between 60 and 15 million euro. The remaining 9 operations were concluded between July and September, all for less than 10 million euro.
All the information is available at the Other Spain Report from Iberian Property which can be downloaded HERE.
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Disclaimer: This information is based on public data gathered within the platform Iberian Property Data. All estimates were calculated based on registered public information and data from the main consultants within the market. It should be noted that the results presented here may be updated if new information is issued.