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industrial Market News: Spanish Real Estate Intelligence

Saint Laurent to open a plant in Scandicci, Florence
07 June, MF Fashion Cdp Investment is currently in exclusive negotiations with Kering regarding the possible conversion of a disused asset into a manufacturing plant for the luxury brand Saint Laurent. The asset, Palazzo delle Finanze, was originally planned to accommodate ministerial offices, and it’s 85% completed. The building has three floors, with a built surface for 28,700 Sq m and land for 58 thousand Sq m. Source: MF Fashion Translator: Cristina Ambrosi
 
Omi: growing trend for commercial assets
31 May, Italia Oggi Retail and warehouses reported positive results concerning transactions, respectively with +4.6% and +0.6%, while office transactions decreased (-3.7%). The total transacted value is equal to 15.6 billion euro. Retail registered 29,463 transactions in 2018 (+4.6% from 2017). Logistics has remained substantially stable (+0.6%) with 12,120 transactions. After having reported a growing trend for two consecutive years, offices have decreased (-3.7%), reporting 9.988 transactions in total. Source: Italia Oggi Translator: Cristina Ambrosi
 
Positive trend of the Italian real estate market in the first quarter of 2019
07 June, Milano Finanza The Revenue Agency reports that real estate market registered an increase in the number of residential transactions equal to 8.8%. Transactions for commercial assets grew by 5.9%, while logistics and industrial assets remained stable (+0.3%). According to Prelios, the non-residential market shows encouraging signs, thanks to investments in commercial assets for 1.6 billion euro. The market is driven by the office segment (57.4% of the total), followed by hotels (23.5%), logistics (6.6%) and retail (3.1%). Source: Milano Finanza Translator: Cristina Ambrosi