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real-estate-news Market News: Spanish Real Estate Intelligence

Hospitality: investments for 2 billion euro in the first part of the year. 42% of the total investments
09 September, Crif CRIF reports that the Italian hospitality segment registered investments for 2 billion euro in the first semester of 2019, representing 42% of the total real estate investments. More than half of these investments come from foreign investors, which focus on Rome, followed by Milan, Venice and Florence. The market mostly grew in the four- and five-star segment, respectively by 20% and 50%. The report also shows how Italy has the biggest hotel portfolio at European level, although the country is only fourth in terms of visits (12.2%), preceded by Germany (18.3%), France (15.5%) and Spain (13.5%). In 2018, foreign tourists in Italy were 50.5%, and the number is expected to grow further in 2019/2020, while the number of Italian tourists will remain stable. Source: Crif Translator: Cristina Ambrosi
Amundi acquired an office building in Milan from Ubs for 48.5 million euro
12 September, Bebeez Amundi Real Estate Italia sgr bought from Ubs the office building located in Via Gustavo Fara 26 in Milan for 48.5 million euro. The asset has a surface of 9,400 Sq m, it has been recently requalified, and it’s leased to multiple tenants. The building also offers a good growth potential in terms of rentals, considering its high-quality spaces and its excellent location. Source: Bebeez Translator: Cristina Ambrosi
Cerved exploring the sale of its credit management division to Bain and other funds
13 September, Il Sole 24 Ore Cerved is expecting the first manifestations of interest for Cerved Credit Management, its credit management business division. The unit manages credits for 53.3 billion euro, 43.8 billion of which are NPLs. Cerved might sell the unit or integrate it with another player with successively a possible IPO or find a strategic partner to develop the business. Among the candidates, there are funds like Bain Capital Credit, Cerberus and Apollo, as well as doValue (formerly doBank) and Prelios. Source: Il Sole 24 Ore Translator: Cristina Ambrosi