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Funds and Insurance Companies Prepare Office Purchases in Spain Worth €4.2 Billion

Investment in the office sector in Spain amounted to 2.8 billion euros in 2021, one of the lowest figures in the historical series, but that is expected to change radically over the next two years, according to EY.

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Over the next two years, funds and insurers are expected to invest a total of 4.2 billion euros in the office market in Spain. According to the professional services firm EY, in its report “The Office Property Telescope”, 3.6 billion euros will be invested during 2022 alone.

“We have a stable regulatory framework, good taxation and public-private collaboration that attracts investment,” said the Mayor of Madrid, José Luis Martínez-Almeida, during the presentation of the report. Meanwhile, Colonial’s Director of Investments, José Manuel Ortega, highlighted the quality of the office products. “In Madrid and Barcelona, the supply is of a higher quality than elsewhere in Europe.”

Read the full article in Spanish.

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