Retail investment not only took the top place in Iberia, with a 31% share but tripled yoy. During the first three months of the year alone, the retail segment reached around 1.495 billion euro, resulting from the conclusion of 16 deals. Of these, 12 were carried out in Spain, 3 in Portugal and 1 in both countries. The most relevant deal was the sale of a 6 shopping centre portfolio spread across Portugal (4) and Spain (2), by Sonae Sierra and APG to Allianz and Elo for 525 million euro. Another significant investment was the acquisition of intu Asturias for 290 million euro.
This was not the only segment to have such a significant increase. Investment in Portugal and Spain within the hotel segment almost tripled as well, reaching 790 million euro (17% of the whole investment). And investment in logistics almost doubled despite representing only 8% of all investment. With a smaller increase was the office segment which despite having reached only a 4.6% yoy increase, continues to have one of the largest investment shares at 26% representing 1.25 billion euro.
Despite total investment, during the first quarter of 2020, having almost doubled yoy, there were two segments which showed negative yoy numbers: housing (-29.3%) and the alternative segments (-36.4%). Each of these segments represents around 4-5% of the total invested.
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 main consultants within the market.