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industrial Market News: Spanish Real Estate Intelligence

Mycredit: negative prince trend and growing interest in the NPL market
20 May, Il Sole 24 Ore The survey carried out by Mycredit on about 500 brokers aimed at assessing the impact of Covid-19 on the real estate market shows a negative trend of prices and the demand. Most players believe the market is struggling, even if only in the short term. According to the survey, commercial and industrial assets will be the most impacted by the crisis, while prices are likely to rise for residential properties. Finally, 95% of the people surveyed are interested in the NPL market. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
Kryalos acquired five Docks (Carrefour group) wholesale warehouses
11 May, Kryalos Through its closed-end alternative real estate investment fund Polvanera, Kryalos Sgr finalised the acquisition of five Cash & Carry warehouses from BNP Paribas REIM Italy SGR. The warehouses are leased to Docks (Carrefour group). Four assets are located in Piedmont, specifically in Turin, Novara, Nichelino (TO) and Burolo (TO), and one is in Vado Ligure, Liguria. The assets are excellently connected and have a GLA of over 37,000 Sq m. Source: Kryalos Translator: Cristina Ambrosi
 
Kryalos acquired four last-mile logistics assets near Florence
08 May, Kryalos Kryalos Sgr, through its closed-end real estate investment fund Aphrodite, completed the acquisition of four last-mile logistics assets near Florence for a total GLA of approximately 58,000 Sq m. The assets are excellently connected by motorway and are leased to tenants operating in the logistics, fashion and industrial sectors. Source: Kryalos Translator: Cristina Ambrosi