Corum Investments Portugal’s real estate funds raised €317 mln in new investments during H1 2024, primarily from individual and institutional investors.
The company’s flagship fund, Origin, accounted for the largest portion of new investments at €146 mln, followed by XL with €71 mln. The institutionally focused Eurion fund attracted €100 mln in new subscriptions.
Despite challenging market conditions marked by rising interest rates, Corum successfully acquired seven commercial properties valued at approximately €377 mln across Spain, Scotland, Ireland, Italy, and France. The company attributed these acquisitions to opportunities created by the slowdown in the real estate market.
The properties acquired span various sectors, including offices, retail, and industrial spaces.
Miguel Costa Santos, Corum’s country manager in Portugal, said: ‘We are increasingly capturing savings from investors in the various countries where we operate, including Portugal. There is a growing appetite for non-traditional savings solutions that offer savers solutions for their investments.’
Corum currently manages a portfolio worth approximately €8 bn, with €6.2 bn invested in income-generating commercial real estate. The company has diverse property holdings across 17 European countries and Canada, encompassing over 200 properties. In Portugal, Corum owns 16 properties, leased to more than 400 tenants, with a robust occupancy rate exceeding 96%.
