"The prospects are frankly good and we have the and we have the resources to develop operations in large quantities (...)".
The effects of the covid-19 pandemic are gradually being felt in the real estate market and in the financial sector. In particular, office demand and development, especially in major capitals such as Madrid and Barcelona, continues to post positive figures so far in 2022.
In Madrid, gross office take-up to March amounted to 135,000 sq m, the best figure for a first quarter in the last three years and 66% above the same period last year, according to industry data. In addition, 555,000 sq m of new office space is expected to come on stream over the next two years, with new construction and refurbishment of assets accounting for more than half of the new supply.
Office take-up in Barcelona reached 91,000 sq m in the first quarter, an increase of 21% year-on-year. In terms of new supply, Barcelona will host 322,000 sq m of new office space by 2022 and 33% of this space is already pre-let.
DEXTER Global Finance CEO Yeidy Ramirez says: "Teleworking has taken off for obvious reasons in the last two years, but there are plenty of companies for whom the office is irreplaceable. So it is not surprising that the outlook is for 3.5 billion of investment this year. Private equity, in the same way that it enters into residential, commercial or industrial financing, does so in offices. Not only in the case of large capitals such as Madrid and Barcelona.
The same goes for others such as Malaga and Seville. The prospects are frankly good and we have the resources to develop operations in large quantities, which we are doing with great intensity", concludes Ramírez.
