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alternative Assets News: Spanish Real Estate Intelligence

The former Rome trade fair will be put on auction to repay debts for 187 million
03 August, Il Sole 24 Ore Investimenti Spa and Unicredit entered and agreement to sell the area of the old Rome trade fair. It will be sold on auction to repaying the 187-million-euro debt towards the bank for the implementation of the new trade fair. The asset covers a surface of 8 hectares with a buildable surface of 44,360 Sq m. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
Outlook of the Italian real estate market
29 July, Linkedin Nomisma reports that all the main residential markets are currently expanding, thanks to the increasing demand and transactions, as well as a modest growth of prices. Residential investments are on the rise, although this is still a secondary trend. Foreign investors represent 60-70% of the total investments in non-residential segments. However, the weak economic situation of the past few years had reduced the attractivity of the country. The corporate market suffers from the lack of quality product, with the only exception of Milan. Hospitality, social housing, senior living and student halls are the emerging markets to bet on for the relaunch of the country. In conclusion, despite the current challenging macroeconomic context, real estate is in good shape, although the risk of a possible recession is not to be excluded in case of a weak economic outlook. Source: Linkedin Translator: Cristina Ambrosi
Kos (Cir) acquired to the German Charleston
01 August, Il Sole 24 Ore Cir subsidiary Kos entered an agreement for the acquisition of 100% of Charleston Holding’s capital, a company specialised in residential and auxiliary services to older people. The operation has an enterprise value of 90 million euro, and it excludes the real estate assets managed by Charleston. The closing is expected by October 2019. Source: Il Sole 24 Ore Translator: Cristina Ambrosi