Investment in real estate up 4% in H1

 In Commercial Real Estate, Investment, News

Investment in commercial real estate assets in Portugal grew 4% in H1 of 2023 with the hotels and retail segments leading the way with 40% and 31% respectively.

Some €740 million worth of commercial real estate assets were transacted in the first six months of the year – a 4% increase like-for-like on 2022.
According to an analysis by the commercial real estate consultancy CBRE “it was a particularly remarkable performance when in the first half many European countries suffered falls in commercial real estate investment of between 40% and 60% with a outlook that things would not improve by the end of the year.
In the first half of the year around 40 commercial real estate deals were done with the second quarter showing a more robust performance with an investment turnover of €495 million.
The Portuguese offices segment represented 15% of the investment, with alternative assets taking up 9% and industrial, health and residential taking up the rest.
CBRE highlights two large transactions that were responsible for a significant part of the investment in H1: the Dom Pedro hotels transactions and the Amália portfolio transaction of 50 supermarkets, both of which CBRE were involved with.