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Portugal Real Estate 

market benchmarks

Commercial Real Estate

  • Development – 3-4 years

  • Operations – 10+ years

Average investment period

  • Development project – 15-20% p.a.

  • Operation phase - CapRate – from 4,75% in prime segment 

Average IRR

  • Development project (partnership with developer) – 10-100 mln EUR (or a share in case of the consortium of investors)

  • Finished property – ownership for the entire project 20-150 mln EUR / shared investment (via RE investment fund or JV with other investors)

Amount of investment

  • Construction/renovation

  • Yielding asset

Development phase

  • Lisbon 

  • Porto

Locations

  • International companies moving their offices to Portugal

  • International investors coming to Portuguese commercial RE market (83% of total investments)

Drivers

Office

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