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UBS advises mandate on the acquisition of Continente Hypermarket in Lisbon's Colombo Shopping Centre for EUR 53.6 million. download
A European real estate mandate advised by UBS Global Asset Management’s Global Real Estate (GRE) business has acquired the 25,000 sqm Continente Hypermarket in Lisbon for EUR 53.6 million.
The economies of the various eurozone countries are still moving in different directions, with the recovery being mainly driven by the Austrian, Belgium and German economies and the re-emergence of the Spanish economy out of recession.
Amid growing signs of stronger growth for both the US and global economy, investors are anticipating an eventual tapering of the US Federal Reserve’s (Fed) quantitative easing policy.
UK commercial real estate market download
In the last outlook paper in 1H13, we suggested there were signs that the UK economy was stabilizing. Since 2Q13 there has been a raft of improvements in key economic indicators over the summer months.