There was a total of 8 commercial investment deals carried out in Porto until September, which represented 306 million euro. This number is twice that of last year.
Around 74% of this investment was traded during the first quarter, when the acquisition of Sonae Sierra, which included 50% of NorteShopping, was concluded. Approximately 15% of all investment was registered during the second quarter and only 11% during the Summer months.
Iberian Property’s latest report shows that 2 operations were concluded in Porto between July and September which, together, should represent 33.8 million euro. One of them was the purchase of Porto Fashion Outlets, in Vila do Conde, by APG, an asset which is part of a portfolio which includes 3 others like the Freeport – Lisbon Fashion Oultlet. The other operation was the acquisition of Continente Bom Dia Asprela as part of a portfolio purchased by SIGI Ores Portugal which consists of 5 retail units spread across several Portuguese cities.
The last 4 quarters registered a total investment of 527.9 million euro, mainly carried out by asset managers and investment funds (49.5% of the whole) and insurance companies and pension funds (42.3%). Retail took the largest share of investment (49%), followed by offices (47.7%). Investment on alternative assets only had 2.2% and on logistics 1.2%.
All the information is available at the Porto Report from Iberian Property which can be downloaded HERE.
For more information about Iberian Property Data service, click HERE.
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.