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offices Market News: Spanish Real Estate Intelligence

Cbre: real estate investments for 7.39 billion euro (+40%) in the first 9 months of 2019
07 October, Il Sole 24 Ore Cbre reports that investments in real estate in Italy for the three quarters of 2019 amounted to 7.39 billion (+40% from the same period of 2018). Hospitality reported excellent results, with investments for 2.56 billion euro, despite the lack of assets on offer. In Rome, for instance, it’s possible to buy the few available properties only at a very high price. In Venice and Florence, it’s rather challenging to obtain the necessary licenses. Investors have also started looking at minor cities. The office market continues performing well, with Milan leading the sector with 30 operations amounting to 1.5 billion euro in total. Finally, retail has recouped, reporting investments for 1.7 billion euro. The logistics market has also improved, with investments for 463 million euro. Source: Il Sole 24 Ore Translator: Cristina Ambrosi  
Milan: Generali’s Bassi Business Park to be requalified under the guidance of the Obr studio
03 October, Il Sole 24 Ore Bassi Business Park, located between Porta Nuova and Scalo Farini, will undergo an urban renewal process by the studio OBR on behalf of Generali. The area consists of eight buildings, covering a 56 thousand Sq m area. The requalification will focus on sustainability and smart working. The strip-out works have already started, and the project is expected to be completed by 2023. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
Rome: Eur towards the future
03 October, Corriere della Sera Eur has good chances to become Rome’s business district, offering modern offices, as well as convention centres and housing. The city suffers from the lack of an offer of office assets since such type of properties requires spaces, smart planning, style and functionality. In order to become Rome’s office district, Eur must standardise its real estate offer, provide high-end technologies, excellent logistics and fast connections. Source: Corriere della Sera Translator: Cristina Ambrosi