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industrial Market News: Spanish Real Estate Intelligence

A positive moment for Italian real estate
12 March, Il Sole 24 Ore According to Cushman & Wakefield, the Italian real estate market will continue growing in 2019, despite the volatility and the uncertainties, thanks to the solid presence of foreign capitals. The competition is harsh for core and value-added offices and logistic assets, while retail investments require a careful assessment and repositioning due to the rise of e-commerce.  In 2019 values are expected to grow moderately, while leases for prime assets will consistently increase. The investments in the pipeline will reach 9 billion. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
Kryalos finalised three transactions for logistic assets
07 March, Kryalos Through its closed-end investment fund Hour, the asset manager Kryalos completed two acquisitions near Rome (Case Rosse) and one west of Milan (Pregnana Milanese). All the three assets cover an approximate surface of 30 thousand Sq m, are well-connected through motorways and are leased to primary tenants. With this operation, Kryalos achieved logistic assets under management for 2 million Sq m in total. Source: Kryalos Translator: Cristina Ambrosi
Decommissioned industrial sheds in Veneto are worth 4 billion
10 March, Il Sole 24 Ore There are 92,000 industrial sheds in Veneto scattered around a surface of 41,000 hectares. 12% of the sheds are decommissioned or not in use, for a total value of 4 billion euro. For this reason, Assindustria VenetoCentro launched the project “Capannoni On/Off”, with the aim of recovering, reconverting or demolishing them in order to meet the needs of today’s economy. The initiative implies the creation of a data bank to facilitate collaborations concerning public services and infrastructures, to incentivise investments, production and new jobs. Source: Il Sole 24 Ore Translator: Cristina Ambrosi