Square Asset Management (Square AM), a leading independent real estate investment fund manager, plans to invest an additional $250 million in Portugal and $50 million in Spain by the end of 2026. This investment is part of the company's strategy to achieve a total business volume of over $650 million by the end of the year. According to Nuno Nunes, CEO of Square AM, the company is on track to meet its target, with a pipeline of new transactions worth $300 million.
The company's investment focus in Spain has been on the logistics and office sectors, particularly in the regions of Madrid, Barcelona, and Valencia. In Portugal, the company is also targeting opportunities in the logistics and office sectors, as well as other areas where inefficiencies exist in the market. Square AM's strategy is to identify undervalued assets and capitalize on opportunities where the purchase price does not reflect the potential value of the asset.
By the end of September, Square AM had already closed transactions worth over $400 million, with approximately $270 million corresponding to acquisitions. Of this amount, $180 million was invested in the Spanish market. The company's goal is to consolidate its current position and grow in both Portugal and Spain, with the aim of becoming one of the main real estate asset managers in the Iberian Peninsula by 2030.
According to Nuno Nunes, the company's ambition is to reach the "first league" of the real estate market in the Iberian Peninsula before 2030. To achieve this, Square AM is focusing on identifying opportunities that offer attractive returns without taking on unnecessary risks. The company's investment approach is to target assets that are not necessarily the most expensive, but where there is a difference between the price and the value.
In the first nine months of the year, Square AM invested $90 million more in Spain than in Portugal, due to better opportunities in the Spanish market. However, the company's investment strategy is not based on a fixed distribution of investment between the two countries, but rather on the quality of opportunities available at each time.
Square AM's investment focus in Portugal and Spain is on assets that are not in prime locations, but are occupied by multinational companies with long-term rental contracts. The company's investors are looking for opportunities that offer attractive returns, but without taking on excessive risk. According to Nuno Nunes, the company's investors do not necessarily seek to purchase the most expensive assets, but rather to find opportunities where there is a difference between the price and the value.
Square AM's goal is to become a leading player in the Iberian real estate market, with a significant presence in both Portugal and Spain. The company's investment strategy is focused on identifying undervalued assets and capitalizing on opportunities in the logistics and office sectors. With a pipeline of new transactions worth $300 million, Square AM is confident that it will meet its target of achieving a total business volume of over $650 million by the end of 2026.
Key points
- Square AM plans to invest $250 million in Portugal and $50 million in Spain by the end of 2026.
- The company's goal is to achieve a total business volume of over $650 million by the end of 2026.
- Square AM's investment focus is on the logistics and office sectors in Portugal and Spain.
