New Perspective: From Pandemic to Performance
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Research • Hospitality
Lock down in the first quarter impact investment in commercial real estate in Portugal in the first half of 2021
Cushman & Wakefield presented the most recent data on commercial real estate investment activity in Portugal. 2021 will undoubtedly be marked by the strong impact of the pandemic on the sector, with a drop in the investment volume in the first half of the year of around 69%.
Cushman & Wakefield was selected by Avenue to lease Lumnia building, part of the new project EXEO Office Campus, in Parque das Nações, Lisbon. Lumnia totals 30.000 sq.m divided for 8 floors, including 7 rooftops and 300 parking spaces.
Cushman & Wakefield survey reveals more than a third of investors are looking to buy more hotels in Europe
Over a third of real estate investors intend to buy more hotels across Europe, according to the latest research from real estate advisory firm Cushman & Wakefield. Despite the disruption to the travel and tourism sector from the pandemic, only 21% of investors intend to dial down their hotel acquisition activity and a mere 10% have put plans on hold.