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industrial Market News: Spanish Real Estate Intelligence

Mepisurfaces to Build New Factory in Covilhã
16 October 2020 - Mepisurfaces, a Portuguese company based in Covilhã that works with brands such as Cartier and Dior, will invest around seven million euros in the construction of a new factory in that area of central Portugal. The new facility will be built on land the company recently acquired in the Tortosendo Industrial Park. The municipal licensing process for the work has already begun and expected to proceed quickly. The Franco-Swiss group FM Industries Sycrillor owns Mepisurfaces, which manufactures luxury products and accessories for brands such as Cartier, Tiffany, Montblanc, Louis Vuitton, Dior and Hermès. Original Story: Jornal Expresso Translation/Summary: Richard D. Turner
 
Real Estate Funds Increase AUMs by 2.2% in Year to July
12 September 2020 – According to a report by APFIPP, Portugal’s real estate investment fund industry increased its assets under management by 2.2% since the beginning of this year, reaching a total of €9.236 in June, compared with €9.037 billion on December 31, 2019. At the same time, the five largest players in the market held their rankings. CA Património Crescente (Square AM) solidified its leading position by growing its AUMs by 5.9%, reaching €800 million. Fundimo (Caixa AM), Imofomento (BPI AM), Vip (Silvip) and NovImovest (Santander AM) round out the top five, with €2.4 billion under management and approximately 25% of the market. Original Story: FundsPeople Photo: Unsplash Translation/Summary: Richard D. Turner
 
Commercial Investment Forecast to Fall by 20% This Year
10 August 2020 – Commercial real estate investment is forecast to reach €2.5 billion by the end of this year, a drop of 20% year-on-year, according to a  report by Cushman & Wakefield. According to the consultancy's Market Update, there were €1.67 billion in sales of commercial real estate in Portugal during the first semester of the year, equivalent to year-on-year growth of 50%, including 27 individual transactions. The market was buoyed by the sale of 50% stake in the joint venture Sierra Prime by Sonae Sierra and APG to Allianz Real Estate and Elo, for about €800 million, partially compensating for the 88% decrease in the second quarter. Original Story: Dinheiro Vivo - Sónia Santos Pereira Translation/Summary: Richard D. Turner