BNP Paribas: Investment in the Real Estate Sector Amounted to €2.0bn in Q1 2018
1 April 2019 – Eje Prime
Investment in real estate assets amounted to €2.0 billion during the first quarter of 2019, down by 5% compared to the same period in 2018, according to data from the consultancy firm BNP Paribas Real Estate.
Investment in the office sector amounted to €900 million, accounting for 47% of the total, with prime yields remaining stable at 3.25% in Madrid and 3.5% in Barcelona.
Investment in the retail segment amounted to €410 million, where prime yields reached 3% on high street stores, 5% on shopping centres and 5.75% on retail parks.
Investment in alternative assets amounted to €305 million, with investors increasingly interested in halls of residence for students and nursing homes for the elderly.
Finally, in the logistics sector, investment amounted to €206 million, boosted by the growth in e-commerce and consumption.
By type of investor, 50% of the transacted volume proceeded from investment funds, whilst Socimis contributed 18% of the total volume.
Original story: Eje Prime
Translation/Summary: Carmel Drake