JLL, a global real estate consulting firm, has advised on €560 million in real estate financing operations in Portugal from the beginning of 2026 to the end of September. This amount represents 23% of the total real estate financing concluded by the firm in Southern Europe during the same period. The company's Debt & Structured Finance team completed 21 operations in Portugal, Spain, and Italy, totaling €2.46 billion.
The Southern Europe region saw a total of €2.46 billion in real estate financing, with Spain accounting for €1.36 billion and Italy €540 million. In terms of funding sources, debt funds were the primary source of capital, making up €784 million or 32% of the total. Investment banks followed, with €715 million, equivalent to 29%. These two sources combined represent 61% of the financing.
Traditional banking secured €635 million, or 26%, while insurance companies provided €330 million, or 13%. The hotel sector led the way in terms of financing, with €1.04 billion, followed by logistics with €650 million, and the Living segment with €560 million. These three sectors accounted for 91% of the total volume financed by JLL in the region.
In Portugal, JLL's activity reflects this diversification, with financing operations in the hotel and branded residences, logistics, and office sectors, specifically in Comporta and Lisbon. The company's Head of Capital Markets in Portugal, Augusto Lobo, noted that the Portuguese real estate financing market has entered a more mature phase.
According to Augusto Lobo, this maturity is characterized by a more diversified capital base and increasingly sophisticated financing structures. Amadeo Giménez, Senior Director of Debt and Structured Finance at JLL, also commented on the growing importance of debt funds and investment banks in the financing market.
Giménez highlighted that these two sources now represent 61% of the financing volume in JLL's operations in Southern Europe, demonstrating a more diversified market. He also noted that investors and developers now have access to a broader range of financing solutions.
In JLL's operations across Southern Europe, 74% of financing originated from outside traditional banking, including debt funds, investment banks, and insurance companies. The company's ability to advise on large-scale operations demonstrates its capacity to support significant transactions in the region.
Key points
- JLL advises on €560 million in real estate financing in Portugal.
- The company's Debt & Structured Finance team completed 21 operations in Portugal, Spain, and Italy, totaling €2.46 billion.
- Debt funds and investment banks represent 61% of the financing volume in JLL's operations in Southern Europe.
