In 2018, the volume traded in commercial real estate is expected to approach €2.5 billion, higher than the historic volume of €1.9 billion in 2017.
This investment includes income-generating assets—excluding development projects—in the office, retail, hospitality, and industrial/logistics sectors. According to the annual “Market 360º” study, presented this week by the consulting firm JLL, the current pipeline has a high volume of portfolios and large assets in the retail and office sectors, and it is estimated that the hotel sector will also maintain its growing momentum.
In real estate development, this year should maintain its high momentum both in the historic centers of Lisbon and Porto, with projects mainly resulting from urban regeneration and aimed at tourism and premium housing, and in less central areas of the two cities, in this case with a greater emphasis on new construction and for differentiated segments of demand (mid-range housing, offices, and student residences). JLL believes that this year will see the completion of some deals involving projects that were on standby and also that greater activity will arise through the sale of portfolios by large owners, such as banks and insurance companies.
Source: ASMIP