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» Chronological View: " Portugal " «

GRAI index reveals encouraging signs for Germany, Ireland, Spain and Portugal

There is currently no shortage of apocalyptic scenarios when it comes to the “bricks and mortar” retail sector. A weaker economy and increasing signs of a cyclical downturn are providing ammunition for the prophets of doom rather than arguments for investors looking to buy. At a time when entire markets and sub-sectors are be...
Tuesday, 10. September 2019

Generali acquires new office building in Lisbon

Generali Real Estate has acquired an office building in Lisbon. The Office Oriente office building is fully let and consists of 8 floors with a total surface of 9,250 sqm.
Thursday, 29. August 2019

Patrizia to invest in Lisbon

Patrizia AG has acquired a landmark hotel development, Tagus Square, in Lisbon from a private individual on behalf of a German pension fund. The asset will be transformed into a brand new luxury 4-5 star c. 6,200 sq m hotel with over 100 rooms. Tje investment manager is in discussions with a number of potential hotel operator...
Monday, 8. July 2019

Invesco completes Portugal's largest ever hotel real estate transaction

Invesco has acquired three hotels in Lisbon on behalf of an open pan-European hotel fund and a separate account mandate of a German pension scheme for a total investment of €313m. The acquisition for these two mandates marks the largest ever hotel real estate transaction in Portugal. The deals add an additional country to Inv...
Thursday, 27. June 2019

Värde Partners acquires prime office building in Porto

Värde Partners has acquired Burgo Tower, a grade A office building located in Porto. Built in 2007, the building was designed by renowned architect Eduardo Souto de Moura and has a gross lettable area of over 16,000 square meters. The multi-tenant office building will be managed through, a Portuguese asset management platform...
Tuesday, 25. June 2019

Hyatt Regency to enter the Portuguese market

Hyatt has entered into a franchise and related agreements with Realtejo – Hotelaria e Turismo, S.A., owned subsidiary of United Investments Portugal and Fibeira, to develop the first Hyatt branded hotel in Portugal: Hyatt Regency Lisbon. Expected to open in late 2020, the hotel will feature 200 hotel rooms and apartments and ...
Wednesday, 29. May 2019

Commerz Real acquires Hilton hotel complex in Lisbon for special fund

Commerz Real Capital-Management Company (Kapitalverwaltungsgesellschaft, KVG) has acquired a hotel complex in Lisbon managed under the DoubleTree by Hilton brand for its “Commerz Real Institutional Hotel Fund”. The seller is the Portuguese project developer Turismadeira S.A.; it was agreed that confidentiality be maintained o...
Tuesday, 7. May 2019

Savills instructed to sell prime residential site in Coimbra

Savills has been instructed to sell Jardins do Mondego, a prime residential plot in Coimbra on behalf of a joint venture. Comprising a land plot of 18,246 sq m and a gross construction area of more than 32,000 sq m, the development represents one of the largest sales of residential land in Portugal in the last 12 months.
Wednesday, 10. April 2019

European commercial real estate investment volumes forecast to reach €230bn in 2019

European commercial real estate investment volumes are forecast to reach €230bn by the end of the year, which would mean that more than €200bn will have been invested in European commercial property for the sixth consecutive year, according to Savills. The firm notes that this is unprecedented in the history of the European i...
Monday, 11. March 2019

Nuveen and Value One start a €600m pan-European student housing joint venture

Nuveen Real Estate and premier developer Value One have announced a €600m joint venture investing in pan-European purpose-built student accommodation. The vehicle will be seeded with three assets – one standing investment in Vienna and two developments in Lisbon and Porto to be delivered over the next two years.
Monday, 11. March 2019

BESIX invests for the second time in Lisbon

BESIX Real Estate Development continues its strategy of pan-European diversification with the acquisition of a second piece of land spanning 34,000 sqm in Lisbon. The subsidiary of BESIX Group in charge of real estate development is increasing its presence in Portugal and, above all, confirms the relationship of trust that it...
Friday, 8. March 2019

M7 acquires 16 assets in Portugal for €55.7m

M7 Real Estate, on behalf of M7 Portuguese Active Fund (M7 PORAF), has acquired a total of 16 assets across Portugal from six vendors, for €55.7 million. These acquisitions comprise multi and single-let urban logistics assets (48%), office and business parks (22%) and retail parks (30%). The portfolio totals 100,999 sq m of a...
Monday, 4. March 2019

European hotel rooms see strong growth in value with gains across most cities in 2018

Hotel values across Europe registered another strong year in 2018 showing 3% growth and reaching new highs, according to the annual European Hotel Valuation Index (HVI), compiled by HVS. Although a more modest growth than that of 2017 at 3.9%, 2018 saw recovery for many cities as well as a levelling off in values for some mar...
Tuesday, 26. February 2019

Invesco Real Estate acquires logistics park

In a off-market transaction on behalf of Bayerische Versorgungskammer (BVK), Invesco Real Estate has acquired a fully-occupied logistics park in the Northern Area of Lisbon, considered one of the top prime logistics districts in the country. The logistics park comprises a total GLA of 78,000 sqm divided into six warehouses an...
Friday, 1. February 2019

M&G begins new year with €87m capital acquisitions

M&G Real Estate has kick started 2019 with acquisitions in two European capitals. The €46.5 million acquisition of Alexandre Herculano 53, a 23,916 sq m prime office asset in the Central Business District of Lisbon, and the €40 million purchase of 7,460 sq m of office space at Cortenbergh 71 in Brussels’ central Leopold distr...
Thursday, 31. January 2019

Cushman & Wakefield with double success

Cushman & Wakefield has two reasons to celebrate. The company struck a deal in Lisbon, selling Art’s and the Torre Fernão de Magalhães towers, in Parque das Nações on behalf of an international institutional investor to Merlin Properties for €112.2 million. In addition, the company has been reappointed by Royal Mail Group to ...
Tuesday, 22. January 2019