Real Estate closes out a record summer with 3.5 billion euros in transactions.

30/09/2022

According to the analysis conducted by EjePrime at the end of this summer 2022, which includes major transactions related to offices, logistics-industrial, retail, hotels, rental housing, multi-family homes and other alternative assets.

 

The purchase of Resa residences by Pggm (900 million), the purchase of the Splau mall and the transactions related to the headquarters of Glovo and Caixabank, in addition to the branches re-purchased by Santander, have increased the year-to-date total to over 12 billion euros.

 

But there were also other major operations, not just in alternative assets and offices. In the vertical retail sector of supermarkets, it once again staked a claim as the star investment at the beginning of August when the Alcampo chain announced an agreement to purchase 235 supermarkets from Dia for the amount of 267 million euros. 

 

Before that operation between the two supermarket chains, another retail transaction had surprised the sector. In mid-July, the purchase of the Splau mall in Barcelona by the German fund, ECE, was announced, amounting to 350 million euros. 

 

Another major operation was led by Sareb, which on 14 July announced the sale of a portfolio formed by 23 tertiary assets for tourism use, including tourist apartments and aparthotels totaling 1,729 rooms. The sale was to various buyers for the amount of 235 million euros.

 

In addition to these major operations, the logistics segment continued to show its muscle with transactions exceeding 200 million euros, including important operations such as the purchase by Axa of a complex totaling 58,000 square metres from Acciona for the amount of 65 million euros. The complex is leased to Amazon in the Sant Andreu district of Barcelona and fulfills the last-mile function in the capital of Catalonia and its metropolitan area.

 

This study does not take into account either purchases of land or investments in the shareholder bodies of real estate firms.

30/09/2022

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