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land Market News: Spanish Real Estate Intelligence

Fidim acquired Inverigo GeoPark

Fidim acquired Inverigo GeoPark

09 March, Bebeez Fidim Srl has recently acquired the GeoPark in Inverigo from Building Real Estate (formerly Victory real estate). The area covers 1.6 million Sq m and spans through the provinces of Como, Lecco and Monza-Brianza. Fidim aims at requalifying the area by launching an international tender. Source: Bebeez Translator: Cristina Ambrosi  
 
Cerberus rejected the Saco bail proposal. The construction company ends up in liquidation

Cerberus rejected the Saco bail proposal. The construction company ends up in liquidation

03 September, Bebeez The fund Cerberus, the main creditor of Saco, rejected the bail proposal of the construction company. Cerberus bought the Saco debts included in the NPL portfolio Rossini from Banca Marche for a gross value of 760 million euro. The debts of Saco towards the bank amounted to 135 million. The rejection by Cerberus will result in the liquidation of the company’s assets, assessed around 130 million and including real estate assets and developable areas. Source: Bebeez Translator: Cristina Ambrosi
 
Veneto incentives the recovery of lands

Veneto incentives the recovery of lands

10 June, Il Sole 24 Ore The region of Veneto renewed the housing regulation that incentives the recovery of unused land. The objective is to generate value from assets that have no longer market value, like old hotels, warehouses and public assets”. If the properties are demolished, the land will be redeveloped and the credit connected to the assets used to fund other housing projects. Once fully operational, the law is estimated to generate value from about 150 thousand Sq m of land. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
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