Investment in alternative assets in Iberia dropped to less than half between last year’s final quarter and this year’s first three months, establishing itself at 590 million euro.
Nevertheless, this number – which represents 14.5% of all real estate investment in Iberia during this period – is 70% higher yoy, according to the data from Iberian Property’s latest report on Alternative Assets.
Within this real estate segment – which includes assets with multiple uses, such as student and senior residences and also those classified as urban –, Madrid received the largest investment share during the last 4 quarters: around 41%. The Spanish capital also had the largest operation registered during the first quarter of 2020: the sale of the complex Multifamily Valdebebas 125 for 110 million by American management company Hines.
According to historic data, Catalonia received only 5.4% of alternative investment and the remaining Spanish cities 25%. Portugal received less than one-quarter of alternative investment, but had the second-largest operation of the last quarter: the sale of Herdade do Pinheirinho by Novo Banco to VIC Properties for 80 million euro.
It should be noted that 36.4% of the alternative investment aggregated during the last 12 months – 2.130 million euro – was carried out by asset managers and investment funds. Almost 25% of this amount was invested by private equities and 23% by REITs.
All the information is available at the Alternative Sector Report launched by 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.