Investment in property in Barcelona doubles in the first half of 2017, reaching €1000 million

• The figure is double the amount achieved in the same period last year
• The office sector has taken the greatest part of the investment, exceeding €500 million

The volume of investment in property in the Barcelona region reached 1000 million euros in the first half of 2017, double the figure achieved the previous year in the same period, according to data recently made public by the property consultancies CBRE and JLL.

By sector, offices have again taken the lion’s share of the volume of investment, with more than 50% of the total, exceeding 500 million euros and tripling the figure achieved in 2016. In this regard, it is important to note some large transactions with very significant buildings, such as the Agbar tower (Merlin Properties, 140 million), the Catalan headquarters of the Banco Popular (Hines, 90 million), the Puig tower (Exea, 50 million) and the Majorica building (Emesa, 35 million), at the crossroads of Passeig de Gràcia and Avinguda Diagonal.

Furthermore, the hotel sector has also closed a very notable six months, multiplying its investment figure by five. Highlights include the sale of the Hilton Diagonal Mar (Axa, 80 million) and the Silken Diagonal Mar (Benson Elliot, 80 million). In total, the sector has received investments of around 300 million euros.

Towards the second half of the year the perspectives are very positive and all indications point to the acceleration of the property investment figures being maintained, as demand remains very high and the pressure to purchase is also maintained, with a good part from international investment, thus contributing to the good pace of all sectors (offices, shopping centres, hotels, industrial-logistics and residential).

[07/20/2017]