Commercial property investment hits new record

Yesterday, Commercial Real Estate Brokers Cushman & Wakefield published the commercial property investment figures for Portugal, demonstrating that between January and May 2015, a global amount of 800 million Euros was invested. This represents a new record, beating the numbers registered in the so far best years of 2006 and 2007. Foreign investment represents 75% (600 million Euros), of which 66% (400 million Euros) were invested by Americans (half of this amount was invested in Vilamoura – for further information on this please check this article), 22% by Spanish and 13% by Thai investors (Minor Group), who paid 80 million Euros for the Tivoli Group (Hotels and Resorts). Commerzreal sold a portfolio of 3 iberian shopping centres, including the Portuguese Almada Forum and Forum Montijo to Blackstone for more than 370 million Euros, according to an estimate from Real Capital Analytics.

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