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Savills, along with its flexible office specialist Workthere, anticipates that flex office stock in Europe will reach circa 20% of total office stock across the continent over the next 10 years. However, this will vary significantly by location and working culture, as the definition of what is considered ‘flex’ broadens.
With nearly 2,500 new hotel rooms due to open over the next 18 months the Portuguese capital of Lisbon will continue to attract keen interest from investors as the popularity of the city grows, according to a new report from HVS.
Redevco has entered the European hotel market with the acquisition of six assets across Spain and Portugal for over €80 million. The investments in Lisbon, Bilbao, Seville, Porto, and Malaga are to seed the launch of Redevco’s ‘Next Gen Stays’ joint venture platform.
In the first nine months of 2022, Sierra reinforced and diversified its portfolio of assets under management in Europe and Morocco, signing 23 new contracts and attracting new clients. Since the beginning of the year, the Company has 11 new contracts in the Property Management area and 12 in Leasing, serving different client ...
Multi Corporation has sold a company that owns a development scheme in Lisbon on behalf of funds managed by Blackstone. The development site has excellent transportation links as it is located between the city’s central business district and Lisbon’s international airport.
Patron Capital has completed the sale of BdB, a 3,600 m² office building in Avenida Barbosa du Bocage, 85, Lisbon, to Fundo VIP, a Portuguese open-ended real estate fund managed by Silvip.
Round Hill Capital announced the official closing of a €200m acquisition of nine residences totalling 53,000 sqm from Smart Studios in the Portuguese PBSA and co-living sectors.
As inflation and debt costs in Europe continue to rise, investors in real estate are having to look harder for the returns they need, according to Savills. To help with this, the international real estate advisor has identified a variety of asset classes in 14 local markets that still offer 5%+ yields.
RE Capital is set to expand its work in the UK to include build to rent (BTR) and build to sell (BTS) residential opportunities as it appoints Yuan Sun as Head of Residential Development.
Yotel announced a new hotel in Lisbon to open in 2024. The new property will form part of the Foz Vintage Group’s spectacular World Trade Center development slated to be Portugal’s most innovative and disruptive Business Park.
Azora has completed the acquisition of the Pestana Blue Alvor, a five-star hotel in Portugal’s Algarve region, on behalf of the Azora European Hotel & Lodging, F.C.R. from Pestana Hotel Group.
BNP Paribas has completed the acquisition of the Aura and Echo buildings in the Exeo development for its new headquarters in Lisbon, reinforcing its commitment to Portugal and to the business it carries out in the country. With a total area of 37,000 m², plus 13,000 m² of gardens open to the public, the BNP Paribas campus wil...
Savills Investment Management announces the promotion of Juan Miguel Marinas to Head of Asset Management. He will take on his new role in addition to his current responsibilities as Director of Asset Management for Spain & Portugal.
M7 Real Estate announces the sale of a retail warehouse in Madeira, on behalf of the Portuguese Industrial Fund (PIF), a joint venture with a major global private equity firm. The asset has been sold to an affiliate of Portugal Yield Fund, FCR, managed by Portuguese private equity firm Iberis Capital.
Sonae Sierra and Grupo Ferreira have created a 50/50 partnership to develop a state-ofthe-art office complex in the Business Zone of Porto, benefiting from a privileged location, with good access to the motorway, an excellent public transport network, private parking and outdoor green spaces.