Barcelona- Investment Market
Activity in the investment market in Barcelona has attracted 80% of the investment in offices carried out for the first semester in Spain. Close to €700m have been invested in the first half of 2021, +40% higher than in the first half of 2020 and the double of the first half average registered for the period 2016-2020. The investors, 80% of them international funds, clearly remain focused on assets in prime locations in each sub-market. Likewise, it is worth mentioning that the 22@ district continues to be lead the market receiving more than 80% of the investment so far this year. Prime yields stood at 3.60%.
Madrid- Investment Market
In the first half of 2021, the investment figure in offices in Madrid has been €187m. Although this figure does not reflect the high interest by investors due to the scarcity of available product for sale. Likewise, according to market consultants, it is expected that the number of current sales processes in the second quarter may bring greater activity in the second half of the year. Prime yields in Madrid stood at 3.35%.
Paris- Investment Market
The investment volume in the Paris market reached €5,300m at the close of first half of 2021, a figure 31% below the first half of the previous year. This figure is mainly due to the lack of product in the market as there is great interest from international funds in the Paris market, especially for prime product in the CBD. Evidence of this are the transactions carried out during lasts months have closed with historically low yields. Prime yields at the close of the second quarter of 2021 stood at 2.50%.
